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Chinese Banks: To Lend to the US or NOT to Lend to the US

Posted by billspaced | 5:01 AM | , , , | 0 comments »

That is the question.

So, which is true? There's some uncertainty about China and its banks. Will they lend to US banks or not? I, for one, would not lend any money to US banks until the Treasury bailout is agreed on. But I would not tell the US that I had made that decision...

China banks told to halt lending to US banks-SCMP | Markets | Markets News | Reuters
Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
China bank regulator denies report of lending ban to U.S. banks - MarketWatch
China's government moved to calm financial markets Thursday and denied a report that it had ordered mainland banks to curb lending to U.S. banks, a day after rumors of financial stability led to a run on a Hong Kong institution.
Anybody know? In international politics, I think the US could win this one. It might also start another war...

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