AUSSIE BANK CRISIS

Saturday, 25 October 2008 By Ricardovitz
Bruder Possum is at thar end of his rope....

AUSTRALIAN BANK CRISIS; DISTRUST WHICH HAS CHECKED A VERY PROFITABLE BUSINESS. Deposits, Amounting to Over $11 billion dollars, Found Investment in Australia at High Rates.  Investors' Discoveries of Poor Loans There Leads to Runs o­n Local Branches.   Failures Following Caused by Uneasiness in England, US, Germany, and Other EU Nations.  Withdrawals by English and Scotch Investors Adding to the Trouble.
__________________________________
Economic Correspondent:  Ricardovitz

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive