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Who Takes The Credit For The Crunch?
lovemorgul
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3
10-25-2008 6:33 AM
178 views
tags:
politics
,
economy
,
leaders
,
financial-crisis
,
credit-crunch
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0c355b87-c411-49ff-aa02-ce9bd3b70e54/15B2739C-F6C8-4E8B-A331-4FE98F57C8C1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.knowyourmoney.co.uk/index.php/2008/10/who-gets-the-credit-for-the-crunch/" href="http://blog.knowyourmoney.co.uk/index.php/2008/10/who-gets-the-credit-for-the-crunch/" style="font-size: 11px;">blog.knowyourmoney.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.knowyourmoney.co.uk/index.php/2008/10/who-gets-the-credit-for-the-crunch/"><P>An economic tsunami is reverberating around the world. The foundations of financial institutions are shaking. Governments, in an unprecedented move, are pouring billions of tax payers’ dollars into financial markets, guaranteeing customers’ <A target="_blank" href="http://www.knowyourmoney.co.uk/savings/compare-savings-accounts/" class="blanklink">savings</A> and taking full or part control of major banks in an attempt to re-build confidence in lending and stabilise the economy. In effect, governments are offering financial Prozac to offset a world wide depression.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.knowyourmoney.co.uk/index.php/2008/10/who-gets-the-credit-for-the-crunch/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/blog.knowyourmoney.co.uk/img/731584F1-46DB-4C48-AA09-BEC9709D9896" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.knowyourmoney.co.uk/index.php/2008/10/who-gets-the-credit-for-the-crunch/"><P>Climate change – let’s takes the long way round; after all, the planet ain’t gonna collapse on Bush’s watch. But when it comes to the financial climate, it seems ol’ W. will do whatever it takes to avoid disaster and protect his legacy…</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.knowyourmoney.co.uk/index.php/2008/10/who-gets-the-credit-for-the-crunch/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/blog.knowyourmoney.co.uk/img/31CABB00-7B64-4774-A416-ADABEB93A326" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/15B2739C-F6C8-4E8B-A331-4FE98F57C8C1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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