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US Warns of Further Bank Failures

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posted on Oct, 9 2008 @ 02:05 AM
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US Warns of Further Bank Failures


news.bbc.co.uk

The US treasury secretary has warned some banks will still fail despite the $700bn (£406bn) rescue package to shore up the financial system.

In his bleak assessment, Mr Paulson warned the ongoing financial chaos had "seriously impacted" the economy. "Even with the new treasury authorities, some financial institutions will fail,"...
There was an equally stark warning from the International Monetary fund, which said global financial markets were facing their most dangerous shock since the 1930s.
(visit the link for the full news article)




posted on Oct, 9 2008 @ 02:05 AM
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(Although I posted this story last night here: www.abovetopsecret.com... it has had to be reposted because of the new strict title T&Cs.)

Here it is. The final admission we are on the verge of a complete global financial meltdown.

(Video of Paulson as well as analysis provided in the article.)








news.bbc.co.uk
(visit the link for the full news article)



posted on Oct, 9 2008 @ 02:26 AM
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Of course more institutions are going to fail. How the heck else are the elite going to wipe the floor clean of the competition?

Look for a movie on video.google.com called "The Mony Masters". Just don't listen to the bit about moving to gold as that will solve nothing.

Obsidience



 
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