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View Poll Results: Do this make the crisis more serious?
Yes 22 66.67%
No 11 33.33%
Voters: 33. You may not vote on this poll

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Old 09-24-2008, 11:23 PM
 
Location: Seattle, WA
209 posts, read 530,225 times
Reputation: 85

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Well the crisis is now stepped up a notch. This is a direct action against the situation in America and this is major news.

China banks told to halt lending to U.S. banks

UPDATE:

This is getting too weird. With so much spin to bring down panic I don't know who to believe on this. China denies telling banks not to lend to US banks: China denies telling banks not to lend to US banks | Markets | Markets News | Reuters

Last edited by BankREO; 09-25-2008 at 12:12 AM..
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Old 09-24-2008, 11:25 PM
 
Location: Texas
4,913 posts, read 6,578,364 times
Reputation: 5441
SHTF!!!

Sweet. I'm prepared. The run on the dollar beings shortly.
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Old 09-24-2008, 11:37 PM
 
3,748 posts, read 7,213,486 times
Reputation: 4825
Press Release. Unidentified industry sources. Couldn't find the story on Reuters.
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Old 09-24-2008, 11:40 PM
 
Location: Seattle, WA
209 posts, read 530,225 times
Reputation: 85
Quote:
Originally Posted by davidt1 View Post
Press Release. Unidentified industry sources. Couldn't find the story on Reuters.
Come on, this is too serious to play around. China banks told to halt lending to US banks-SCMP | Markets | Markets News | Reuters Now I retract, this just came across. This is getting too weird. With so much spin to bring down panic I don't know who to believe on this. China denies telling banks not to lend to US banks: China denies telling banks not to lend to US banks | Markets | Markets News | Reuters
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Old 09-24-2008, 11:41 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,305 posts, read 11,811,100 times
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Just wait till they sell off their US bonds .... I don't know anything about bonds, but don't they hold a huge percentage of ours?
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Old 09-24-2008, 11:43 PM
 
3,748 posts, read 7,213,486 times
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Found something:

China denies telling banks not to lend to US banks | Markets | Markets News | Reuters

It looks like the Chinese are denying it.
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Old 09-24-2008, 11:47 PM
 
16,701 posts, read 18,917,881 times
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Quote:
Originally Posted by Woof View Post
Just wait till they sell off their US bonds .... I don't know anything about bonds, but don't they hold a huge percentage of ours?
Yes they do... and as to whether they are stopping any lending to US banks... its the classic say one thing but do the opposite... it is more than likely true that they are asking to stop the lending... they are trying to pressure a bailout by doing just that... they are manipulating the market like the US is trying to manipulate the market right now... they WANT the bailout so the can get back most of their losses... JUST SAY NO!
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Old 09-24-2008, 11:54 PM
 
3,748 posts, read 7,213,486 times
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Quote:
Originally Posted by BankREO View Post
Well the crisis is now stepped up a notch. This is a direct action against the situation in America and this is major news.

China banks told to halt lending to U.S. banks


THOUGHTS?
It's not your fault, but power of misinformation is amazing. The poll had 8 responses. People just responded without checking the facts. Even if the facts surface, they still believe what they want to believe simply because the misinformation is already out there.
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Old 09-25-2008, 12:07 AM
 
3,853 posts, read 11,423,853 times
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Only makes my silver investments look better.
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Old 09-25-2008, 12:11 AM
 
Location: Seattle, WA
209 posts, read 530,225 times
Reputation: 85
Quote:
Originally Posted by davidt1 View Post
It's not your fault, but power of misinformation is amazing. The poll had 8 responses. People just responded without checking the facts. Even if the facts surface, they still believe what they want to believe simply because the misinformation is already out there.
Actually I did check the facts and the it has been corrected above. Thanks
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