September 23, 2008

Will the last U.S. bank to sell to foreigners please turn out the light?

You’d have to be an idiot not to think that Crazy Uncle Henry’s Damaged Derivatives Derby would get even more Congressional opposition with his plans to extend the guarantees to U.S.-held assets of foreign institutitions.

Top that off with all the foreigners planning on buying U.S. banks and this should really be fun, especially with an election now just six weeks away..

No comments: