Posts tagged with the keyword: ‘banking’

Chavez devalues Venezuelan currency

Chavez devalues Venezuelan currency

CARACAS, Jan 9 (Reuters) – Venezuelans rushed to the shops on Saturday, fearful of price rises after a currency devaluation.
The opposition seized on fears that prices for imported goods will double as shoppers formed lines of more than a hundred people outside some stores in the capital Caracas.
“It was a Black Friday, tinted red,” [...]

Timothy Geithner Faces Possible Criminal Charges over AIG Coverup

Timothy Geithner Faces Possible Criminal Charges over AIG Coverup.

China’s Dumping Of The Dollar Has Begun

China’s Dumping Of The Dollar Has Begun

BusinessInsider – Dec 17th 2009.

China, once a proud holder of United States post-World War II debt, is getting scared.
For years the People’s Republic has bought U.S. Treasuries, eventually becoming the largest holder of U.S. debt ($799 BILLION to be exact!). Those days are long gone, though.
During 2009, China hasn’t been buying many Treasuries and has [...]

China quietly introduces new financial system

China quietly introduces new financial system

China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund [...]

FDIC – Nine bank’s close in one day

FDIC – Nine bank’s close in one day

But the recession is over right…..
North Houston Bank, Houston, TX
Madisonville State Bank, Madisonville, TX
Citizens National Bank, Teague, TX
Park National Bank, Chicago, IL
Pacific National Bank, San Francisco, CA
California National Bank, Los Angeles, CA
San Diego National Bank, San Diego, CA
Community Bank of Lemont, Lemont, IL
Bank USA, NA, Phoenix, AZ

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