IMF warns that banks aren't telling the whole story

lovuian

(1000+ posts) Send PM | Profile | Ignore

Thu Jan-17-08 02:29 AM
Original message

IMF warns that banks aren't telling the whole story

http://feeds.bignewsnetwork.com/?sid=318824

The International Monetary Fund says the U.S subprime mortgage crisis will probably be worse than expected because not all market players have come clean about their losses.

An IMF report suggests that potential losses may be higher and further capital injections are likely.

The report says most banks in the United States have not yet marked their assets to genuine transaction prices.
******************
Its almost like the IMF wants a Bank panic

Printer Friendly | Permalink | | Top

Elspeth

(1000+ posts) Send PM | Profile | Ignore

Thu Jan-17-08 02:30 AM
Response to Original message

1. And the IMF is waiting, just waiting, to eat us alive

Welcome to 3rd world America

Printer Friendly | Permalink | | Top

lovuian

(1000+ posts) Send PM | Profile | Ignore

Thu Jan-17-08 02:33 AM
Response to Reply #1

2. Yes they are treating us like Bolivia and Russia

we aren't like them this Shock Doctrine needs to bite them in their butts

Printer Friendly | Permalink | | Top

Angela Shelley

(1000+ posts) Send PM | Profile | Ignore

Thu Jan-17-08 05:31 AM
Response to Reply #2

3. I�m reading the book too.

Amazed at how brutal people can be in the name of GREED.

Printer Friendly | Permalink | | Top

Elspeth

(1000+ posts) Send PM | Profile | Ignore

Thu Jan-17-08 08:55 PM
Response to Reply #3

4. Unbelievable, isn't it?

Kicking because people need to see this.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Fri May 03rd 2024, 06:46 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.