Morgan Stanley Bank secures $5bn China bailout
Belly Up Banks, ready to go under?
Only 40 Billion of the 150 - 300 Billions Sub prime debts has thus far been written off, what will happen when the other 110 - 260 Billion is written off?
NOTE: Sub prime debt - The BUSH crooks say the figure is 150 Billion, the bank of England says it is 200 Billion and we have conservative punters saying it is more likely 300 Billion.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/19/bcnmorgan119.xml
Our Advice: Sell All of your Dollar stocks fast, buy YEN, Swiss Dollar & Euro, but even these have the Dollar as a reserve, so you can expect a rough ride any way you turn - perhaps gold would be better.
Anyway here is a little vid to keep them Sub prime spirits up eh?
http://video.google.co.uk/videoplay?docid=3668199541251076260
Have Your Say: Morgan Stanley Bank secures $5bn China bailout
Please read our posting guidelines before posting.
Alternatively you can discuss this report here.
This entry was posted on Thursday, December 20th, 2007 at 9:51 pm and is filed under Business News, General . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Translations
Loading ...Related News
- Bet your bottom dollar tensions will follow
- Dollar declines as traders wrangle over Fed rate cuts
- Dollar Mixed As Wall Street Tumbles
- Sinking dollar alters the game in 2008
- The U.S. dollar is bouncing off of 30 year lows
Email This Page To A Friend
Latest Headlines
- More People are Catching on to Corporate Media Lies
- Bisphenol A Chemical in Plastic Bottles Harms Children, Feds Conclude
- Class War Bonfire Night 2008
- US out of Iraq by … “2011″
- ‘MI6 & Weapons of Mass Destruction’
- RIPA Surveillance Law Misused On Merseyside
- Britain: Security Service “facilitated” torture of Guantánamo detainee
- Blackwater-linked firm to train Canadian troops
- Pledge: Refuse To Comply With ID Scheme
- Why can’t energy firms pick up the bill?
More Breaking News
Archive
