Tuesday, October 7, 2008

The Chronicles of Riddick-III.


The Chronicles of Riddick-III. Creating impery.
«To authorize our agents borrowing in the western states to provide our funds under the guarantee of real estate, with the expiry of loan 1 September, 1894 or the day after that date.
First in September 1894 not to renew the loan under any circumstances.
First September, we will demand our money, will perform the mortgage terms and become creditors owning land.
We will be able to seize a two-thirds of all farms west of the Mississippi, and thousands of farms and also in the east of the Great Mississippi, setting our own prices.
It also will be able to seize three quarters of farms in the west and money across the country.
Consequently, farmers will turn into tenants, as in England. »
From the official circulars bank in 1861.
• • • Credit the U.S. market remains deadlocked despite the fact that the major stock indexes on Tuesday were largely played after the dramatic collapse in a "black Monday" due to provalennogo in the U.S. Congress vote on the stabilization package. "Markets remain in loans fence as investors are awaiting Washington's response to the refusal of Congress to approve a plan of redemption of bad assets," - wrote in his commentary site CNNMoney. The situation with the approval of the issuance of the emergency financial stabilization remains in limbo, despite regular assurances by politicians and banks have taken a wait-and-see attitude, not risking to go with the proposal to the market lending. "Banks are unwilling to lend to each other resources because they feel better podostlat by themselves money, and the more the better" - said Steve Van Oder, senior analyst Calvert Funds. • • • Financial Peace measure pending a decision by Congress, so you can describe a situation that is happening now in the stock and currency markets. In this situation, world equity markets show divergent trends. Many investors have closed their long positions in the face of uncertainty. U.S. President George W. Bush promised that revivifying bill in the near future. Analysts expect the reconsideration of the bill in Congress would lead to its adoption. Hope so, in particular, are encouraged by the fact that in favor of approval slightly correct the plan was made by the leader of Republicans in the House of Representatives, John Boner. According to unofficial data, the government introduced in Congress in fact the same version of the bill. Virtually the only change is the increase in insurance premiums on bank deposits from $ 100 thousand to $ 250 thousand • • • U.S. must urgently act to protect its economy from growing credit crisis, and Europe should develop a plan in case the problem worse. The opinion was expressed by the head of the International Monetary Fund (IMF) Dominique Strauss-Kahn in an interview with Reuters. "Now is the time when action is required. Plan with disabilities - it is better than the absence of any plan - said Strauss-Kahn at the $ 700-billion project aid, rejected the U.S. House of Representatives on Monday. The head of the IMF believes that in order to restore the confidence of markets requires that the plan was adopted quickly, and American society must understand that we are talking about, without which the economy begins to function properly.

• • • The Prime Minister of Russia Vladimir Putin accused the U.S. of failing to take adequate solution to overcome the financial crisis. Speaking today at a meeting of government, he stressed that the situation is a consequence of irresponsibility not specific individuals, a system as a whole. • • • Plan Paulson is necessary and should be adopted, because the U.S. accountable to other countries for what is happening in the world economy. The opinion was expressed by Alexei Kudrin. • • • Chairman of the European Commission Jose Manuel Barroso acknowledged the start of a European financial crisis and called on national governments to «close cooperation with the EU institutions to overcome it», PRIME-TASS reported. • • • The current financial crisis has completely redraw the global banking system. The succession of bankruptcies of power has changed in American banks. And experts note that these changes are not the best way affect the clients and consumers, transfers Reuters. In their view, the crisis led to three major players in the American banking market: Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co. This will lead to higher rates on loans and reduce the annual deposit. "These three banks would control about a third of all deposits in the U.S.. The competition will be quite low, Americans will not easily. The most interesting thing is that the current crisis has made these three banks is much stronger," - a leading economist believes Independent Community Bankers of America Paul Merski. According to the forecasts of analysts in the next few years could disappear, hundreds of credit institutions - is waiting for them either bankruptcy or merge with larger competitors. Last September was a record number of major acquisitions in the banking sector. Initially, Bank of America bought for 50 billion dollars Merrill Lynch & Co. Then JPMorgan bought for U.S. $ 1.9 billion in the largest U.S. savings bank Washington Mutual Inc. About buying banking business Wachovia Corp for 2.16 billion U.S. said Citigroup. After completion of these transactions in the U.S. will be the three largest bank, which will control a huge portion of the U.S. banking market: to lead the volume of deposits will be Citigroup (2,9 trillion dollars), second place with deposits totaling about 2.8 trillion U.S. takes Bank of America, in third place will be JPMorgan (2,04 trillion U.S. dollars). • • • The newspaper Vedomosti estimated how much it cost for all measures taken by the Government over the past two weeks. Figure is impressive - 3.7 trillion rubles or 8.5% of Russian GDP. The recipient of the largest aid from the state were Russian banks. In addition to increasing limits on the deployment in the three-month deposits temporarily free of budgetary funds (1.1 trillion rubles) to have been lowered standards obligatory reserve funds to the Central Bank, which released a Russian banks about 300 billion rubles. Should specify that banks are not yet fully taken advantage of the proposed state funds. Thus, the first of October, suggested Minfinom deposits at 1.5 trillion rubles had been drawn only 670 billion.

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