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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (3015)	12/21/2007 1:16:40 AM
From: RJA_	Read Replies (1) \| Respond to of 71475

Thanks for the insight, dybdahl... One thing pointed out in an Ambrose-Prichard article in the Telegraph was that banks are in his opinion more fragile in the Euro currency area as there is not direct government backing (other than the ECB)... and therefore the 500 billion infusion... Here is the quote: The ECB cannot allow the risk of a "Northern Rock" in Europe because there is no European government to take charge. Any suggestion that German taxpayers might have to bail out a Club Med bank would be politically explosive, testing the viability of monetary union. This is why Frankfurt has been most willing to open the floodgates at each stage of the crisis. from -- telegraph.co.uk Im not sure you would agree with him... based on your post. Would you elaborate a bit? Thanks! RJA