10-18-2008, 11:23 AM
<b>Russia not yet ready to lend to Iceland</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->REYKJAVIK/MOSCOW (Reuters) - Russia is not yet convinced it should make a loan to Iceland to help dig it out of a financial crisis, a Russian source said on Friday.<!--QuoteEnd--><!--QuoteEEnd-->
At this stage, we don't know how many big countries are in big doo doo including USA, European Union, Russia and mysterious China.
Paulson invited seven top US Banks CEO, gave them one page memo and asked them to sign it.
European banks took money from their respective government and deposited in saving. They are not extending that money to public. Same US banks are doing. Yesterday Paulson forced them to extend credit.
At this stage, we don't know how many big countries are in big doo doo including USA, European Union, Russia and mysterious China.
Paulson invited seven top US Banks CEO, gave them one page memo and asked them to sign it.
European banks took money from their respective government and deposited in saving. They are not extending that money to public. Same US banks are doing. Yesterday Paulson forced them to extend credit.