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This could be the last nail in the coffin for the U.S.



http://www.reuters.com/article/marketsNews/idUSPEK16693720080925

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)
 

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American fearmaker
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This video link will explain things about our financial problems a little bit better. With Obama in the lead, the Chinese know that if he gets elected then things for our economy will get a LOT WORSE so they're smart enough to avoid the downdraft of the sinking ship and bail out now.

 

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That was an intresting video Herd.What the Dems are doing is twisting the facts around to their favor instead of there demise.The sad thing is most people won't open there eyes till the economy falls flat on its ass and there out on the street.
 

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American fearmaker
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The sad part, JRNC, is that just about ALL of the economic plans involving the Democrats involve bubbles that always burst and hurt innocent Americans. I don't know why they always make these big elaborate plans that fail or why we voters keep re-electing these losers back into office. If we don't put a stop to this junk that the Democrats keep pulling, we're going to be as dead as a woman riding in a car with Fat Teddy Kennedy... No chance of survival at all.
 
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