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Re: WinLoseOrDraw post# 79778

Sunday, 09/21/2008 2:11:35 PM

Sunday, September 21, 2008 2:11:35 PM

Post# of 147209
Paulson's statement on foreign banks
This adds to what WLD posted

"Yes, and they should. Because ... if a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution," Paulson said on ABC television's "This Week with George Stephanopolous."


Also,from a Washington Post article today

Senior administration officials meanwhile pressed their counterparts in Japan, Germany, Britain and elsewhere to establish similar programs to rescue their own troubled firms in what would be an unprecedented bailout of the worldwide financial system. The move comes in recognition that complex interconnections among financial institutions have created a global crisis that the United States cannot solve alone.




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