As a Brit, I have to say take financial articles in the Telegraph/Mail with a pinch of salt. However, the Guardian is very good and the FT excellent.

In the article mentioned , the opening statement ‘The Federal Reserve faces a potential veto of its rescue measures.’, just does not make sense.

So what is the dollar falls more. That does not constrain the Federal Reserve when it is in crisis mode. Only yesterday it extended lending facilities to the whole investment banking gang.

Anyway it is easy for an investor from abroad to invest in a bank and hedge out the currency risk.

Investors are increasingly reluctant to bail out banks, not just foreign ones, and all banks are increasingly unwilling to lend to each other (not just foreign banks).

Graham

As a Brit, I have to say take financial articles in the Telegraph/Mail with a pinch of salt. However, the Guardian is very good and the FT excellent.

In the article mentioned , the opening statement ‘The Federal Reserve faces a potential veto of its rescue measures.’, just does not make sense.

So what is the dollar falls more. That does not constrain the Federal Reserve when it is in crisis mode. Only yesterday it extended lending facilities to the whole investment banking gang.

Anyway it is easy for an investor from abroad to invest in a bank and hedge out the currency risk.

Investors are increasingly reluctant to bail out banks, not just foreign ones, and all banks are increasingly unwilling to lend to each other (not just foreign banks).

Graham

You can thank your representatives in The House and The Senate for allowing this to get to this point. You can reward them for their incompetence by voting every one of the bastards out of office. Some of the biggest names on Wall Street are in deep doo-doo and the head idiot in the White House and the gate keepers at the Fed and the Treasury seem intent on devaluing the dollar and wiping out the life savings of anyone who saved their money and didn’t act like a fool by buying overpriced houses that they couldn’t afford. Now we have the Democrats saying that they want to do much much more to bail out the poor homeowners who are being foreclosed. Are we going to become a welfare nation where the government takes care of every fool who doesn’t act like an adult? I’ve been saying that we’re headed for a depression and unfortunately, it’s really starting to look like we’re going to go down that road.

You can thank your representatives in The House and The Senate for allowing this to get to this point. You can reward them for their incompetence by voting every one of the bastards out of office. Some of the biggest names on Wall Street are in deep doo-doo and the head idiot in the White House and the gate keepers at the Fed and the Treasury seem intent on devaluing the dollar and wiping out the life savings of anyone who saved their money and didn’t act like a fool by buying overpriced houses that they couldn’t afford. Now we have the Democrats saying that they want to do much much more to bail out the poor homeowners who are being foreclosed. Are we going to become a welfare nation where the government takes care of every fool who doesn’t act like an adult? I’ve been saying that we’re headed for a depression and unfortunately, it’s really starting to look like we’re going to go down that road.

You can thank your representatives in The House and The Senate for allowing this to get to this point. You can reward them for their incompetence by voting every one of the bastards out of office. Some of the biggest names on Wall Street are in deep doo-doo and the head idiot in the White House and the gate keepers at the Fed and the Treasury seem intent on devaluing the dollar and wiping out the life savings of anyone who saved their money and didn’t act like a fool by buying overpriced houses that they couldn’t afford. Now we have the Democrats saying that they want to do much much more to bail out the poor homeowners who are being foreclosed. Are we going to become a welfare nation where the government takes care of every fool who doesn’t act like an adult? I’ve been saying that we’re headed for a depression and unfortunately, it’s really starting to look like we’re going to go down that road.

JWM in SD

Yeah Ex-SD, it’s getting quite scary for those who have some idea of what these events actually mean. I heartened to see more Macro view posts popping up, but I still see the dolts one here talking about CV home prices….what a joke. Until this credit mess comes to an end of some kind, the last thing anyone should be thinking about is buying a house or condo. The absolute last thing.

Over this past weekend, I finally started getting some of my in-laws to grasp what may happening, but their understanding is tenuous at best. This issue so difficult to grasp for the general public without investing a large of amount of time understanding and reading.

JWM in SD

Yeah Ex-SD, it’s getting quite scary for those who have some idea of what these events actually mean. I heartened to see more Macro view posts popping up, but I still see the dolts one here talking about CV home prices….what a joke. Until this credit mess comes to an end of some kind, the last thing anyone should be thinking about is buying a house or condo. The absolute last thing.

Over this past weekend, I finally started getting some of my in-laws to grasp what may happening, but their understanding is tenuous at best. This issue so difficult to grasp for the general public without investing a large of amount of time understanding and reading.