Chinese banks told to stop loaning money to American banks
Uh-Oh: "Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the [a href="vny!://www.scmp.com/"][em]South China Morning Post[/em][/a] reported on Thursday."
[a href="vny!://www.reuters.com/article/companyNewsAndPR/idUSPEK16693720080925"]China banks told to halt lending to US banks[/a], [em]South China Morning Post[/em] via Reuters [hr style="width: 100%; height: 2px;"]
Geee, boys and girls, guess what happens when China stops loaning us money? That's right- massive economic failures, businesses go under, unemployment skyrockets, the government does a total crash-n-burn, and basically everything stops. And that's the good news.