solar jim

A Giant Pinball Game - Fast Money Recap (9/30/08)

If its a foreign bank that bought a US unit that then got in trouble or was in trouble its the same as if it is a wholly owned US bank - less lending here and the system seizes up and the death spiral downward continues. It's a consequence of pushing globalization that this is affecting everyone everywhere as now the bad debt is everywhere. You know, it's funny - I don't see too many people pushing globalization and deregulation as much as they did a year ago.