China banks told to halt lending to US banks-SCMP 9/25/2008

[dahunan]

This was in a thread from another member.. Perry404

I have not heard anyone in the media bring this up.. Seems the Chinese realize they have paid billions for our Treasury Notes and such and now it looks as though our economy could go under..

China banks told to halt lending to US banks-SCMP
Wed Sep 24, 2008 9:52pm EDT
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)
http://www.reuters.com/article.../idUSPEK16693720080925

 

[StageLeft]

I did see this. It's been hidden I think behind more pressing matters, but really I don't know what its impact is and how severe it is. If other countries follow suit it could be a bigger issue.

 

[halik]

Originally posted by: dahunan
This was in a thread from another member.. Perry404

I have not heard anyone in the media bring this up.. Seems the Chinese realize they have paid billions for our Treasury Notes and such and now it looks as though our economy could go under..

China banks told to halt lending to US banks-SCMP
Wed Sep 24, 2008 9:52pm EDT
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)
http://www.reuters.com/article.../idUSPEK16693720080925

Yeah it's about treasury notes, not the fact that our credit system is freezing up and banks failing :roll:

They won't do interbank lending because they don't know which bank is the next one to fold. Does the phrase "run on the money" sound familiar?

 

[Specop 007]

This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

 

[bdude]

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

Mmm. Money follows more money. Money leaves when money goes away.

 

[Atreus21]

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

I'm glad someone pointed this out.

 

[K1052]

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

The European govs/central banks have been bailing out their troubled banks and markets. There is more to come I'm sure.

http://www.iht.com/articles/20...siness/30centbanks.php

http://www.independent.co.uk/n...overnments-946218.html

http://financialadvice.co.uk/n...-share-price-drop.html

 

[fleshconsumed]

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You're funny. Before you go on a rant, ask yourself was it America who created this mess or the rest of the world. Of course the rest of the world would expect us to clean our act after we screwed up.

 

[K1052]

Originally posted by: fleshconsumed


You're funny. Before you go on a rant, ask yourself was it America who created this mess or the rest of the world. Of course the rest of the world would expect us to clean our act after we screwed up.

The Europeans were right beside us at the trough. The difference seems to be they're willing to try and fix the problem before the situation becomes irretrievable instead of playing partisan football with a global financial crisis (I'm looking at you Congress).

 

[Specop 007]

Originally posted by: K1052

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

The European govs/central banks have been bailing out their troubled banks and markets. There is more to come I'm sure.

http://www.iht.com/articles/20...siness/30centbanks.php

http://www.independent.co.uk/n...overnments-946218.html

http://financialadvice.co.uk/n...-share-price-drop.html

Right, but most people still realize the big tukey on the dinner table was provided by America! All that other shit is just that. Some butter here, jelly there.

Those bailouts have done very, very little to calm global market fears. To put it simply it all comes down to the United States of America to step in and make a decision. Offer a bailout and the "world is saved", turn its back and the worlds financials go up in smoke.

if its THAT important you'd think someone else besides the US Government (read: The US taxpayer) would step up to the plate no?

 

[K1052]

Originally posted by: Specop 007

Originally posted by: K1052

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

The European govs/central banks have been bailing out their troubled banks and markets. There is more to come I'm sure.

http://www.iht.com/articles/20...siness/30centbanks.php

http://www.independent.co.uk/n...overnments-946218.html

http://financialadvice.co.uk/n...-share-price-drop.html

Right, but most people still realize the big tukey on the dinner table was provided by America! All that other shit is just that. Some butter here, jelly there.

Those bailouts have done very, very little to calm global market fears. To put it simply it all comes down to the United States of America to step in and make a decision. Offer a bailout and the "world is saved", turn its back and the worlds financials go up in smoke.

if its THAT important you'd think someone else besides the US Government (read: The US taxpayer) would step up to the plate no?

Given that our government allowed this mess to happen in the first place then is now being childish about mitigating some of the worst effects and fixing the problems I wouldn't say its unreasonable for us to get the check.

 

[LegendKiller]

Originally posted by: K1052

Originally posted by: Specop 007

Originally posted by: K1052

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

The European govs/central banks have been bailing out their troubled banks and markets. There is more to come I'm sure.

http://www.iht.com/articles/20...siness/30centbanks.php

http://www.independent.co.uk/n...overnments-946218.html

http://financialadvice.co.uk/n...-share-price-drop.html

Right, but most people still realize the big tukey on the dinner table was provided by America! All that other shit is just that. Some butter here, jelly there.

Those bailouts have done very, very little to calm global market fears. To put it simply it all comes down to the United States of America to step in and make a decision. Offer a bailout and the "world is saved", turn its back and the worlds financials go up in smoke.

if its THAT important you'd think someone else besides the US Government (read: The US taxpayer) would step up to the plate no?

Given that our government allowed this mess to happen in the first place then is now being childish about mitigating some of the worst effects and fixing the problems I wouldn't say its unreasonable for us to get the check.

The Euros have their own problem with subprime and over credit. Britain, Germany...etc.

Hypo Realestate, the company just bailed out by the German government, was involved in subprime european markets 5+ years ago when they were part of Hypovereins bank. As a result of that problem, HVB's stock price dropped 90%. They were ought by Unicredit, and Hypo RE was sold off. Amazingly, they're back in the same spot.

 

[Specop 007]

Originally posted by: fleshconsumed

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You're funny. Before you go on a rant, ask yourself was it America who created this mess or the rest of the world. Of course the rest of the world would expect us to clean our act after we screwed up.

You obviously dont fully understand how it all works.
Heres a hint..
"Foreign investors"

 

[K1052]

Originally posted by: LegendKiller

Originally posted by: K1052

Originally posted by: Specop 007

Originally posted by: K1052

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

The European govs/central banks have been bailing out their troubled banks and markets. There is more to come I'm sure.

http://www.iht.com/articles/20...siness/30centbanks.php

http://www.independent.co.uk/n...overnments-946218.html

http://financialadvice.co.uk/n...-share-price-drop.html

Right, but most people still realize the big tukey on the dinner table was provided by America! All that other shit is just that. Some butter here, jelly there.

Those bailouts have done very, very little to calm global market fears. To put it simply it all comes down to the United States of America to step in and make a decision. Offer a bailout and the "world is saved", turn its back and the worlds financials go up in smoke.

if its THAT important you'd think someone else besides the US Government (read: The US taxpayer) would step up to the plate no?

Given that our government allowed this mess to happen in the first place then is now being childish about mitigating some of the worst effects and fixing the problems I wouldn't say its unreasonable for us to get the check.

The Euros have their own problem with subprime and over credit. Britain, Germany...etc.

Hypo Realestate, the company just bailed out by the German government, was involved in subprime european markets 5+ years ago when they were part of Hypovereins bank. As a result of that problem, HVB's stock price dropped 90%. They were ought by Unicredit, and Hypo RE was sold off. Amazingly, they're back in the same spot.

Yea, I alluded that the euros got themselves in to a similar situation. The difference being is the sheer enormity of our problem and its effects on all the other markets.

I see the indexes are up on expectation of the bailout passing. I have no doubt anymore that Congress will find a way to let our already low faith in them dwindle even further.

 

[Specop 007]

Originally posted by: K1052

Given that our government allowed this mess to happen in the first place then is now being childish about mitigating some of the worst effects and fixing the problems I wouldn't say its unreasonable for us to get the check.

Frankly I dont know how to address this, as theres no single point of blame. Some argue tweaking mortgage metrics to require low income/minority loans to represent a certain percentage of issued loans in the late 90's is really what caused it. Others point to a lack of government regulations in regards to investment options and how these loans were packaged and passed around like the groupie at the party. Of course theres also the foreign investors who threw money hand over fist at us for these questionable investment.

So to say "allowed it to happen" is being a bit ambiguos IMO. On one hand one could argue the US Government created it by pandering to low income familes. Others could argue the government allowed it to happen by not regulating investment firms. Then again one could say the government did what it should be staying hands off and letting the marketplace play itself out in which case the blame falls more onto the shoulders of the foreign investors for buying these questioble investment vehicles.

I understand where your coming from, but I'm reluctant to say the government should have stepped in earlier as I dont care much for government regulation. if you want to stick your hand in the fire expect to get burned as it were.....

 

[sandorski]

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You need to get over your fuckin self. [/rant]

International Central Banks shoring up money markets

 

[Specop 007]

Originally posted by: sandorski

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You need to get over your fuckin self. [/rant]

International Central Banks shoring up money markets

Ahhh, so then you admit We the Taxpayer dont need to pay a damn dime on any bailouts? Is that what your saying? Because I'm sorry, I do not see any bailout packages coming from Japan, France, UK, Russia or any other country. In case you didnt read it, those were EURO's. To help the money markets in Europe. Well, the American government has already shelled out a bunch for bank failures.

So thats something of a tit for tat now isnt it?

Please try to keep up with everything that has happened.

 

[sandorski]

Originally posted by: Specop 007

Originally posted by: sandorski

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You need to get over your fuckin self. [/rant]

International Central Banks shoring up money markets

Ahhh, so then you admit We the Taxpayer dont need to pay a damn dime on any bailouts? Is that what your saying? Because I'm sorry, I do not see any bailout packages coming from Japan, France, UK, Russia or any other country. In case you didnt read it, those were EURO's. To help the money markets in Europe. Well, the American government has already shelled out a bunch for bank failures.

So thats something of a tit for tat now isnt it?

Please try to keep up with everything that has happened.

Those attempts at shoring up are to protect the US Economy from totally grinding to a halt. They are helping you.

edit: Pertinent part: " On Sunday, a global consortium of banks, working with government officials in New York, announced a $70 billion pool of funds to lend to troubled financial companies with the aim of preventing a worldwide panic on stock and other financial exchanges.

Ten banks - Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley and UBS - each agreed to provide $7 billion. The U.S. Federal Reserve also chipped in with more ready cash through its emergency lending program for investment banks. The central bank announced late Sunday that it was broadening the types of collateral that financial institutions can use to obtain loans from the Fed. "

As for a Direct Bailout, it's your Banks that are failing. Shows some responsibility and don't expect others to fix the problems you created.

 

[GTKeeper]

Originally posted by: sandorski

Originally posted by: Specop 007

Originally posted by: sandorski

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You need to get over your fuckin self. [/rant]

International Central Banks shoring up money markets

Ahhh, so then you admit We the Taxpayer dont need to pay a damn dime on any bailouts? Is that what your saying? Because I'm sorry, I do not see any bailout packages coming from Japan, France, UK, Russia or any other country. In case you didnt read it, those were EURO's. To help the money markets in Europe. Well, the American government has already shelled out a bunch for bank failures.

So thats something of a tit for tat now isnt it?

Please try to keep up with everything that has happened.

Those attempts at shoring up are to protect the US Economy from totally grinding to a halt. They are helping you.

If Specop has a job, I can't wait to see him in the unemployement line.

 

[Specop 007]

Originally posted by: sandorski

Originally posted by: Specop 007

Originally posted by: sandorski

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You need to get over your fuckin self. [/rant]

International Central Banks shoring up money markets

Ahhh, so then you admit We the Taxpayer dont need to pay a damn dime on any bailouts? Is that what your saying? Because I'm sorry, I do not see any bailout packages coming from Japan, France, UK, Russia or any other country. In case you didnt read it, those were EURO's. To help the money markets in Europe. Well, the American government has already shelled out a bunch for bank failures.

So thats something of a tit for tat now isnt it?

Please try to keep up with everything that has happened.

Those attempts at shoring up are to protect the US Economy from totally grinding to a halt. They are helping you.

Partly right. Rest assured those moves were NOT to protect the "American Economy" Your a damned fool if you think so. Those moves were done to protect the local economies and to a slightly lesser extent the global economies.

Trust me, if any nation had an easy exist strategy for its financials from its mess they would run like their hair was on fire for it. But due to the intertwining of financials around the world its just not that easy. What happens in our economy affects Europes and Asias and as such viuce versa.

But to sell Europes bailouts as trying to help us shows really how little you understand all of this. Europe would much rather find an exit strategy then a lifeboat. But things being what they are a lifeboat is the best case scenario. Worst case is shark infested waters......

 

[tfcmasta97]

Originally posted by: Specop 007

Originally posted by: sandorski

Originally posted by: Specop 007

Originally posted by: sandorski

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You need to get over your fuckin self. [/rant]

International Central Banks shoring up money markets

Ahhh, so then you admit We the Taxpayer dont need to pay a damn dime on any bailouts? Is that what your saying? Because I'm sorry, I do not see any bailout packages coming from Japan, France, UK, Russia or any other country. In case you didnt read it, those were EURO's. To help the money markets in Europe. Well, the American government has already shelled out a bunch for bank failures.

So thats something of a tit for tat now isnt it?

Please try to keep up with everything that has happened.

Those attempts at shoring up are to protect the US Economy from totally grinding to a halt. They are helping you.

Partly right. Rest assured those moves were NOT to protect the "American Economy" Your a damned fool if you think so. Those moves were done to protect the local economies and to a slightly lesser extent the global economies.

Trust me, if any nation had an easy exist strategy for its financials from its mess they would run like their hair was on fire for it. But due to the intertwining of financials around the world its just not that easy. What happens in our economy affects Europes and Asias and as such viuce versa.

But to sell Europes bailouts as trying to help us shows really how little you understand all of this. Europe would much rather find an exit strategy then a lifeboat. But things being what they are a lifeboat is the best case scenario. Worst case is shark infested waters......

Hahahah yeahh why wouldnt the world want to throw more money into your shit-pit with geniuses like you all over the country

 

[sandorski]

Originally posted by: Specop 007

Originally posted by: sandorski

Originally posted by: Specop 007

Originally posted by: sandorski

Originally posted by: Specop 007
This is an issue that really pisses me off, I heard about it a few days ago.

The whole effin world loves to hate on America. Damn America, damn its illegal wars, damn its invovlement here and there, damn its policies, damn it people blah blah blah down with America.

But as soon as the worlds markets are in trouble every eye is on America to save it. I dont see France or Germany or China stepping up to offer a bailout do you? Oh no. No, its all up to America.

Everyone loves to bitch about America, then turn around and invest money into dollars and then sit idly by and wait for America to save things when it looks bad.

Goddamnit that pisses me off. Ok, rant off.

You need to get over your fuckin self. [/rant]

International Central Banks shoring up money markets

Ahhh, so then you admit We the Taxpayer dont need to pay a damn dime on any bailouts? Is that what your saying? Because I'm sorry, I do not see any bailout packages coming from Japan, France, UK, Russia or any other country. In case you didnt read it, those were EURO's. To help the money markets in Europe. Well, the American government has already shelled out a bunch for bank failures.

So thats something of a tit for tat now isnt it?

Please try to keep up with everything that has happened.

Those attempts at shoring up are to protect the US Economy from totally grinding to a halt. They are helping you.

Partly right. Rest assured those moves were NOT to protect the "American Economy" Your a damned fool if you think so. Those moves were done to protect the local economies and to a slightly lesser extent the global economies.

Trust me, if any nation had an easy exist strategy for its financials from its mess they would run like their hair was on fire for it. But due to the intertwining of financials around the world its just not that easy. What happens in our economy affects Europes and Asias and as such viuce versa.

But to sell Europes bailouts as trying to help us shows really how little you understand all of this. Europe would much rather find an exit strategy then a lifeboat. But things being what they are a lifeboat is the best case scenario. Worst case is shark infested waters......

read my edit.