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Strategies & Market Trends : Natural Resource Stocks

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To: ames who wrote (73142)	10/26/2008 1:30:27 AM
From: c.hinton	of 108702

re... "Europe is much worse off than the U.S. in terms of bank health. " "The latest data from the Bank for International Settlements shows that Western European banks hold almost all the exposure to the emerging market bubble, now busting with spectacular effect. They account for three-quarters of the total $4.7 trillion £2.96 trillion) in cross-border bank loans to Eastern Europe, Latin America and emerging Asia extended during the global credit boom – a sum that vastly exceeds the scale of both the US sub-prime and Alt-A debacles" telegraph.co.uk

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