China asks local lenders not to lend to U.S. banks

China asks local lenders not to lend to U.S. banks

www.reuters.com

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.

(visit the link for the full news article)



Edit to fix link

[edit on 9/25/2008 by anachryon]

This is a disturbing development. As foreign countries lose confidence in the US financial state, the perceived value of the American dollar will decrease, thus reducing Americans' spending power.

I can't say I blame China for being concerned about losses given the developments over the last couple weeks. If this report pans out and if other countries follow suit, we're going to have even bigger problems than many Americans expect.

www.reuters.com

Edit to fix link

[edit on 9/25/2008 by anachryon]

Already a thread on it

www.abovetopsecret.com...

China denies telling banks not to lend to US banks

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.

www.reuters.com...

chinamarketnews.blogspot.com...

This states that China didn't say or make that decision

Hal Turner, on his blog, agrees with Reuters.

I don't know but, I have a feeling that if the China Govnmt really issued the ban (for lend to US banks) they WOULD NOT come out in the open and say it. At least not just now.

Just a thought.

Peace

PS.: Have you guys and girls heard about the minor bank run in Hong Kong?
www.abovetopsecret.com...

Originally posted by MatrixBaller04
Already a thread on it

www.abovetopsecret.com...

Thanks.

Since your not a moderator have you thought of changing your picture to:

reply to post by DisabledVet


Nah He just wants all the attention to his post

Im not sure that it matters as long as it gets attention... altho he did post first.

reply to post by DisabledVet


Actually his post was up 1st..
Next just cause he mentioned it dont mean you need to make fun of him for it..
3rd You should have said ok cool and that should have been that..

So what I am not a moderator but being nice is part of the ATS community.. take it or leave it.. your choice.

Thickheaded:

I agree

However after observing the other guys post... his thread is dead. This thread is alive, and I think the most important part of ATS is Awareness ( and if this one is getting attention so be it). Let the moderators decide.

Also Diabled Vet WAS NOT the poster, he should choose his words more wisely but has the right to his oppinion that the guy comes in with a one liner and is being shyly rude about it.

Leave it to the mods bud

Edit to stay on topic.

READ this article

This new BailOut isn't helping the U.S. its helping out China

articles.moneycentral.msn.com...

It makes you wonder... Just what is going on?

[edit on 25-9-2008 by rjmelter]