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Um...on that very same initially linked page....it says it's not true.
The China Banking Regulatory Commission (CBRC) on Thursday denied a newspaper report that it had told Chinese banks to stop lending to U.S. banks in the interbank market. A spokesman for the regulator strongly codemned the article in Thursday’s South China Morning Post, calling it irresponsible. “The CBRC has never, through any channel, issued a statement or told domestic commercial banks not to lend to or borrow from U.S. financial institutions,” the spokesman said in a statement on the agency’s website.
These were both from Reuters first off. The retraction came about 2 1/2 hours after the initial release. Lets look at this objectively. The source had to come from somewhere and being that the state controls the bank regulators and the newspaper I would be surprised that there is no truth to this. Also I would think the person who put this out would only do it at actually risk it his/her life with the track record we have seen on certain issues in China. My thought is someone was in some internal meeting and this is being discussed and someone let the cat out of the bag.
THIS my friends is what we call "sudden stop" or at least we are on the road to "sudden stop" *hope I am wrong*. that is the concept for today, do your home work kids. This is getting ugly.
I don't understand--was this a leak, a rumor that may be true, or a complete fabrication?
Quote:
Originally Posted by Wild Style
THIS my friends is what we call "sudden stop" or at least we are on the road to "sudden stop" *hope I am wrong*. that is the concept for today, do your home work kids. This is getting ugly.
or another possibility is this rumor is what it is and that's all is needed, a hint to get us do something quick, i think they are the one would lose the most if the dollar bites the dust
why are people doubting the credibility of this? What do you expect when banks like WaMu..the biggest in the US, are on the brink of failure. Do you expect there to be confidence in US banks? Of course NOT!
Oh, btw, WaMu closed at $1.69 today! Shares are worse than junk.
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