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Top Swiss banker attacks US lending standards as 'unbelievable'
08-20-2007, 08:44 PM
Post: #1
Top Swiss banker attacks US lending standards as 'unbelievable'
Top Swiss banker attacks US lending standards as 'unbelievable'

http://www.telegraph.co.uk/money/main.jhtm.../bcnswiss20.xml
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08-20-2007, 08:53 PM
Post: #2
Top Swiss banker attacks US lending standards as 'unbelievable'
Interesting quote --

[beginning of quote]

Stockmarket historian David Schwartz warned investors not [to] be fooled by signs of recovery. "The truth is no-one knows how serious the financial problem in the US is, nor how it will unfold. We do know central banks are scared out of their minds," he said.

[end of quote, emphasis added]

Thank you, Solve et Coagula for posting the link !
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08-20-2007, 09:01 PM
Post: #3
Top Swiss banker attacks US lending standards as 'unbelievable'
Quote:Interesting quote --

[beginning of quote]

Stockmarket historian David Schwartz warned investors not [to] be fooled by signs of recovery. "The truth is no-one knows how serious the financial problem in the US is, nor how it will unfold. We do know central banks are scared out of their minds," he said.

[end of quote, emphasis added]

Thank you, Solve et Coagula for posting the link !
:smile: You're welcome!!!

Best wishes from Switzerland

LWWB
Roger
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