HA HA HA , Banks get ANOTHER 500 billion bailout to help protect them from USA collapse , but workers to lose homes by tens of thousands
kangarooistan
Banks get ANOTHER $500bn to lower rates and help save the banks
from
collapsing , from USA scams and rip off
Nothing can now save the USA
Its like the Titanic , it looked great but was doomed from the time
it invaded Iraq for Israel
Poor silly Aussies got sucked into buying 700 USA shopping Malls that
are now worth less than 10 cents in the dollar a few months later
Why throw good money after bad , let the USA sink and lets all start
rebuilding whats left
The USA is beyond saving , Israel will go on bleeding the USA to death
in endless un winnable wars , the faster the USA bleeds to death the
less over all damage the world will suffer
Let the yanks sink into the mess THEY created for Israel
kanga
=======
Bank of England lends £10bn
The European Central Bank has allocated 348.7bn euros ($502bn; £249bn)
to banks at a below-market rate in a refinancing move to ease
tightened credit markets.
It is one of five central banks that have injected billions in
emergency cash into money markets.
The aim is to cut the cost of lending between retail and commercial
banks, which has jumped in the past few weeks.
All banks with enough collateral, and which submitted bids of at least
4.21%, received funds from the ECB.
The ECB move - making the extra cash available over the next two weeks
-will ease fears of a credit meltdown over the Christmas period, when
banks need extra cash.
Cutting interbank rates
The hope is that lower interbank rates will mean that banks will also
be able to make more funds available at cheaper rates to companies and
individuals.
The ECB's action has succeeded in cutting short-term lending rates,
although they are still above the 4% ECB refinancing rate..
In Frankfurt on Tuesday morning the two-week Euribor average of
interbank unsecured lending rates did fall to 4.452%, compared to
rates for two-week euro money market rate of 4.949% for interbank
borrowing which has been in place over the past few days.
The two-week ECB refinancing operation is the first time it has said
it would offer banks unlimited funds, above a certain interest rate,
since 9 August when the credit crisis started.
Central bank coordination
The main reason banks have been unwilling to lend to each other is a
downturn in the US property market.
A surge in mortgage defaults and bad debts has forced many banks to
cut the value of their mortgage investments, costing them billions of
dollars.
As a result, the banks fear that they might need any spare cash they
have to cover their losses.
Central banks have also been boosting liquidity into the banking
sector to ensure banks keep offering credit to businesses.
On Monday, the US Federal Reserve made $20bn available through
auction, though it did not say how many banks took advantage of the
extra money.
And on Tuesday the Bank of England is set to lend more than another
£10bn in funds.
As well as the Bank of England, the Fed, and the European Central
Bank, the national banks of Canada and Switzerland are also involved
in the funding plan.
But some analysts say that until the banks reveal the true scale of
their potential losses, the central banks will be unable to do much to
ease the credit crunch.
rst0wxyz
On Dec 18, 8:02 am, kangarooistan <gran...@kangarooistan.com.au>
wrote:
kangarooistan
The USA is illegally invading Muslim countries for oil and Israel
They are worse than the Nazi were
They must be stopped from murdering innocent people an stealing their
land water and oil
The USA and Israel have been positioning themselves for huge land
grabs in Australia
The USA now controls the Australian political system as well as the
business system
The USA is about to implode when the sheeple discover that the USA is
one giant ENRON
A hollow shell run by megalomaniacs
Since they took control of most western media and use death squads to
murder anybody who gets in their way and install USA puppets in 90% of
the western world already
We all must oppose them or our children will live in chains as slaves
of USA and Israel
Thank GOD the USA is about to implode and the world will again be free
to start rebuilding without wars being created by undercover CIA and
Mossad death Squads
Do you need more reasons to oppose EVIL
kanga
=====
rst0wxyz
No, you said enough. Why are you posting in soc.culture.china? Go
post in soc.culture.usa.
achtung
On Dec 19, 12:02 am, kangarooistan <gran...@kangarooistan.com.au>
wrote:
kangarooistan
> > No, you said enough. Why are you posting in soc.culture.china? Go
> > post in soc.culture.usa.
>
>
AGAIN
>
and could sink the USA any time they choose
>
kanga
=====