Chinese Banks Told to Halt Lending to US Banks »
Posted By Neophile 1 year, 1 month ago in Business & FinanceChinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
Read Full Story at reuters.com »
2079 Views Share Story 11 Comments Report
Submitted By:
Neophile
I'm a Propeller Scout so if you have any questions or concerns, send me a message and I'll be happy to help.
RSS Join the Discussion
+ Add CommentComments So Far: 19 (view all)
-
-
Shankari25Comment removed: Retracted by user1 Reply
-
-
Shankari25Comment removed: Retracted by user2 Replies
-
-
-
100%
Banwalmart1 year, 1 month ago
This comment is below the standard viewing threshold View It »
This is what happens when America send our jobs over there and then buy the products that they manufacture. They have us were they want us. Better stock up on the Vaseline, it going to be painful. (Hey, at least Vaseline is made in the U.S.A)
Reply-
-
Neutral
SpareChange7 months, 1 week ago
This comment is below the standard viewing threshold View It »
What ev, they need us just as much as we need them. The US consumer buys all their crap. If we aren't buying, like we aren't, they suffer - and they are feeling it.
Reply
If you don't want to support China, stop shopping at Walmart and go to you ma and pop.
China is trying to use the yuan instead of the dollar through out asia and already in Argentina.... I guess our Empire really is on the decline.
-
-
-
sailrComment removed: Retracted by user
-
Neutral
Sand-Dollars1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Good! I hope China dosent lend the US any more money. Im disgusted the US government sold the United States out to China for greed, bribes, personal wealth. Seduced by the dragon. The strategic intention of China to silently gain control of the US via its financial system has worked. China own us, our debt. Thats leverage. Our politicians (Clintons, are big ones), were selling the US out to the communists taking bribes & lobbying money for pro China bills to slide through the house, by Chinas proxy agents embedded in our society & governemtn. Our country has become pimped out. Pimped by those we gave control over OUR purse strings. I hope this countries economic system crashes (IT WILL), I hope it all goes down. Our government takes our money and "bails out" the banks, & companies that cant manage themselves? Politicians pockets get lined by those same corporations that lobby for less regulations that allowed this to happen! I say let the market crash, let everyone get exposed for letting this happen. They are not bailing the economy out, they are bailing themselves out! We will all wake up soon to the realization that we all have vered so far from the framers intentions of the constitution and now have become subject to a socialist state where our own governemt owns the financial markets and we, our children, and their children will be forever enslaved in debt owed to China and foreign countries. Great oppertunity for China to take back Taiwan while America reamains impotent and financially crippled. Great oppertunity for that overdue transition to a one world government to save us all. Soverignity was sold off long ago. Some Examples:
Reply
http://www.youtube.com/watch?v=WmfXczSGR7w
http://www.youtube.com/watch?v=4ATJNnhNMT4=related -
Neutral
Sand-Dollars1 year, 1 month ago
This comment is below the standard viewing threshold View It »
LET YOUR ELECTED OFFICIAL KNOW HOW YOU REALLY FEEL!
Reply
http://www.usa.gov/Contact/Elected.shtml -
Neutral
Sand-Dollars1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Do not allow the financial "bailout". This is socialism for the rich. Our government restructured wellfare for the poor. But now this is wellfare for the rich. It is bailing out the financiers, the banks, the Wall Streeters. The bail out will not benefit homeowners or help average citizens improve their standing for a home mortgage. It's not bailing out the homeowners who are in trouble; It is not bailing out people who want a mortgage; it is just bailing out financial institutions.
Reply
I say let the companies and institutions crash. That is what the legal system is for, to restructure and reorganize. Do not put this debt on the US citizens, our children, and our grandchildren. We will pay for this when the tide turns in the stock markets, and that will only be temporary. Let the companies that allowed this to happen pay for it themselves. Americans can do much better learning to live within our means. More volatile credit, especially after this should be a lesson learned. Lets get back to the basics.
The government should now readdress the 1999 Deregulation Law and implement counter measures to protect the economy and financial system from themselves.
Congress needs to address the Gramm-Leach-Bliley Act (GLBA) which congress allowed commercial and investment banks to consolidate. For example, Citibank merged with Travelers Group, an insurance company, and in 1998 formed the conglomerate Citigroup, a corporation combining banking and insurance underwriting services. This completely undermines the Glass-Steagall Act of 1933. This was established by the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation. Some provisions such as Regulation Q that allowed the Federal Reserve to regulate interest rates in savings accounts were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999 by a bipartisan, conference committee version of the Gramm-Leach-Bliley Act signed by President Bill Clinton.
This "bail out" should never happen. The American citizens did not do anything to deserve debt slavery for many generations to come. Congress needs to fix the problem they made back in 1999. Let the financial markets and corporations to be broken up and reorganized. Let the financial system reset itself. -
Neutral
Sand-Dollars1 year, 1 month ago
This comment is below the standard viewing threshold View It »
I was not a Ron Paul Supporter. But the more I listen to him, the more he made sense.
Reply
http://www.youtube.com/watch?v=nWyygiyPbdA
Too late for that now. -
Neutral
Sand-Dollars1 year, 1 month ago
This comment is below the standard viewing threshold View It »
HERE IS THE ANSWER:
Reply
http://www.politicalforum.com/current-events/51926... -
insuranceeseComment removed: Hard Banned
More News
Daily Finance
No daily Viagra dose, no peace! Philly transit workers rise up in protest
Why 10% jobless rate means misery for many, buying opportunity for some
Walmart slams lid on customers' creepy online reviews of its caskets
Massucci's Take: Google Wave is email for the next generation
Just how dangerous are stimulus-driven deficits in the long run?
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.