Wednesday, Sep 19, 2007
US Banks Brace For Storm Surge
Rense.com: US Banks Brace For Storm Surge
By now, you've probably seen the photos of the angry customers queued up outside of Northern Rock Bank waiting to withdraw their money. This is the first big run on a British bank in over a century. It's lost an eighth of its deposits in three days. The pictures are headline news in the U.K. but have been stuck on the back pages of U.S.newspapers. The reason for this is obvious. The same Force 5 economic-hurricane that just touched ground in Great Britain is headed for America and gaining strength on the way.
Posted by becky @ 10:38 PM (165 views) Add Comment
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