Frontier Former Editor

September 24, 2008

Wonder why Bush begged for public support on the bank bailout Wednesday night?

I knew there was something up when Bush’s deer-in-the-headlights look was more stunned than usual. Here’s a hint:

BEIJING, Sept 25 (Reuters) – Chinese 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.

 

The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

 

“The decree appears to be Beijing’s first attempt to erect defences against the deepening U.S. financial meltdown after the mainland’s major lenders reported billions of U.S. dollars in exposure to the credit crisis,” the SCMP said.

 

A spokesman for the CBRC had no immediate comment. (Reporting by Alan Wheatley and Langi Chiang; editing by Ken Wills)

They didn’t sell us the rope. They merely bought the paper funding the rope. And now, let’s hear Sarah Palin tell us this one is a task from God . . .

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6 Comments »

  1. Gee what a huge f*cking surprise?

    Well I certainly hope that they pay all of those outstanding bonuses to the rocket scientists running Wall Street so that they can back to the business of screwing stockholders.

    I watched Dubya’s speech and I couldn’t help but imagine that his poor mother was fidgeting on her couch muttering,

    “c’mon Georgie, use your words”

    Comment by Donn — September 25, 2008 @ 10:23 am

  2. Because we don’t want to help the banks and investment firms out.

    http://www.neatorama.com/2008/09/24/should-we-bail-out-wall-street/

    Comment by Miss Cellania — September 25, 2008 @ 2:12 pm

  3. US $700 billion

    300 million (legal) Americans

    =

    US $2,667 for each (legal) American

    You Americans & the Polar Bears/Alaskan Sea-Otters wouldn’t be in this mess with the further Menace of Mr McAuncient & the gurn=totin’ Mrs Palin

    IF ONLY

    You had not given so much supporter to a Tree-Murderer & his Tea-Vandalizing Friends, in order to upset the kindly & well-meaning George of Hanover

    Comment by G Eagle Esq — September 27, 2008 @ 5:29 am

  4. M. Eagle,

    While a Burkian at heart, I have come to appreciate more Pitt the Elder.

    Now, if you’ll excuse me, I have to go work off part of my $2,667.00 debt to . . . myself.

    Comment by Frontier Former Editor — September 27, 2008 @ 6:41 am

  5. Sehr geEhrter Senor FFE

    It’s Pitt the Younger whom I admire

    Like him (unlike these Republicans), I like a Clean Balance Sheet

    BORING —

    but then you & so many ordinary Americans wouldn’t have to work so hard paying your individual $2,667 debt . +++ your share of the $2,667 contributions NOT being paid by the super-wealthy with their Crafty tax advisers

    Perhaps I should reconsider

    If the Middle Colonies had stayed within the British Polity, by now the Middle Colonies would have taken over Britain by sheer weight of numbers

    … and Britain would face the prospect of Mr MacAuncient and that smiley Lady-Mayor of a small Village in Russian North-America

    …… BUT THERE AGAIN :

    That might be better than the mess Mr Brown has got us into

    Comment by G Eagle Esq — September 28, 2008 @ 4:25 pm

  6. M. Eagle,

    Ease your mind. Take heed of Ramsay Macdonald and don’t beLabour the point.

    Comment by Frontier Former Editor — September 28, 2008 @ 7:02 pm


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