Thursday, December 13, 2007

More Dollar problems


BANKS ACT ON MELTDOWN FEAR...
Doesn't Allay Wall Street Fears...
BANK OF AMERICA Sees Bigger Writedowns...

Sovereign funds scoop up crisis victims: For better or worse, big chunks of the Western financial system are falling like ripe fruit into the laps of petrodollar sheikdoms and well-heeled Asian governments.

China tells US to fix its own economic problems: China told the United States Wednesday to fix its own economic problems rather than deliver lectures, as the two sides warned at top-level talks here that protectionism threatened their trade ties.

Subprime hotline has 45,000 calls in three days: - A hotline for a program that aims to help about 1.2 million subprime borrowers received 45,000 calls in the three days after President George W. Bush announced the program, the HOPE NOW alliance said on Tuesday.

Bank of America shutting $12 billion cash fund; Cash withdrawals halted; investor redemptions paid 'in kind'

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