it would seem the deregulation of the banking industry was a very bad idea . that McCain's economic adviser and close friend Phil Gram brought about !
On Sep 17, 6:16 am, Frank <[EMAIL PROTECTED]> wrote: > Lloyds TSB Is in Talks to Buy Mortgage Lender HBOS (Update1) > By Ben Livesey and Jon Menon > > Sept. 17 (Bloomberg) -- Lloyds TBS Group Plc, the U.K.'s biggest > provider of checking accounts, is in talks to buy British mortgage > giant HBOS Plc, according to two people familiar with the situation. > > HBOS shares plunged as much as 52 percent in early trading today > before recovering on a report from the BBC that Lloyds was considering > a takeover. The shares were down 20 percent at 145.1 pence as of 10:15 > a.m., valuing the bank at 7.6 billion pounds ($13.6 billion). > > Russia Offers Sberbank, VTB, Gazprombank $44 Billion of Loans > By Alex Nicholson > > Sept. 17 (Bloomberg) -- Russia's government will loan the country's > three biggest banks, OAO Sberbank, VTB Group and OAO Gazprombank, as > much as 1.13 trillion rubles ($44 billion) for at least three months > to boost liquidity. > > The ruble-denominated Micex Index fell 17 percent to 881.17 yesterday > in Moscow, after trading was suspended for an hour and then reopened > for three minutes. Yesterday's decline was the biggest since Bloomberg > started tracking the gauge in May 2001, and the largest fluctuation > among equity indexes included in global benchmarks. > > Central Banks in Japan, Australia Pump $33 Billion Into Financial > Markets > > Central banks in Japan and Australia injected $33 billion into their > financial systems amid ongoing efforts to calm markets roiled by the > demise of Lehman Brothers Holdings Inc. and crisis at American > International Group Inc. > > Europe Trade Deficit Widens to Record on Exports, Energy Costs > By Fergal O'Brien > > Sept. 17 (Bloomberg) -- Europe's trade gap widened to a record in July > as a cooling global economy damped exports and crude oil's advance to > a record boosted the energy deficit. > The 15-nation euro region had a seasonally adjusted deficit of 6.4 > billion euros ($9.1 billion), compared with a 3.5 billion-euro trade > gap in June, the European Union's statistics office in Luxembourg said > today. The July deficit is the largest since the euro was introduced > in 1999. > > http://www.bloomberg.com/intro3.html --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
