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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (70504)	10/26/2007 9:00:03 AM
From: Chispas	Read Replies (2) \| Respond to of 116555

"The Federal Reserve bailing out British banks??" - ........................................................... Michael Kosares, USA Gold, Oct. 22, 2007: "This UFO almost flew over without anyone noticing: 'Barclays and Royal Bank of Scotland have lined up emergency funds of up to $30 billion (L15 billion) from the US Federal Reserve to bail out American clients caught up in the global credit crunch.' The Telegraph, London, 10/21/07 "Huh?!!?? What kind of a precedent is this? The Federal Reserve bailing out British banks?? "I thought I’d throw this out for the USAGOLD Think Tank to comment on since it seems the rest of the financial world let it go by without so much as a comment."