FeverIAm's video: Don t Panic Big Banks are Failing

Aug 16, 2009 - recorded 15:00 EDT Credit tightening threatens China's 'giant Ponzi scheme': http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6011674/Credit-tightening-threatens-Chinas-giant-Ponzi-scheme.html Chinese Christmas exporters hit by global recession: http://www.guardian.co.uk/business/2009/aug/14/china-exports-christmas-toys France and Germany lead the West out of recession: http://www.telegraph.co.uk/finance/economics/6024004/France-and-Germany-lead-the-West-out-of-recession.html Keynes rescues France and Germany; Club Med lost: http://www.telegraph.co.uk/finance/economics/6023938/Keynes-rescues-France-and-Germany-leaving-Club-Med-behind.html French shoppers sceptical of recovery: http://www.guardian.co.uk/business/2009/aug/14/france-recession-shoppers-sceptical Bradford & Bingley posts loss, bad debts soar: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6028696/Bradford-and-Bingley-posts-loss-bad-debts-soar.html Mortgage lenders turn backs on those in risky businesses: http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6797069.ece Repossessions to rise sharply: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/6025671/Repossessions-to-rise-sharply.html Europe and US still at risk from deflation trap: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6030240/Europe-and-US-still-at-risk-from-deflation-trap.html There's no quick fix to the global economy's excess capacity: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6035300/Theres-no-quick-fix-to-the-global-economys-excess-capacity.html Colonial BancGroup becomes biggest bank failure of 2009: http://www.marketwatch.com/story/colonial-may-become-biggest-bank-failure-of-2009-2009-08-14 BB&T takes over Colonial after biggest U.S. failure since WaMu: http://www.financialpost.com/news-sectors/story.html?id=1894758 RBS uber-bear issues fresh alert on global stock markets http://www.telegraph.co.uk/finance/markets/6018076/RBS-uber-bear-issues-fresh-alert-on-global-stock-markets.html Peace and Love