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Tchocky · 10-03-08, 12:53 PM

Good luck finding anything regarding what is or is not an empire in Economics 101.

The current crisis is an interesting example of interlinked market strategies. US and UK have pursued deregulation of financial instruments, making it easier for companies to trade debt and debt insurance. The result of this is higher profits from fast trading, and increased interlinking of countries. This is why the UK and US are following broadly similiar paths, although the US is suffering more severely.
The central European economies didn't follow this path, which is why Spanish banks like Santander are in a position to buy up failing institutions like Bradford & Bingley.
Curiously, it was a French bank that "broke" this mess, BNP Paribas.

10-03-08, 12:53 PM	#61
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	Good luck finding anything regarding what is or is not an empire in Economics 101. The current crisis is an interesting example of interlinked market strategies. US and UK have pursued deregulation of financial instruments, making it easier for companies to trade debt and debt insurance. The result of this is higher profits from fast trading, and increased interlinking of countries. This is why the UK and US are following broadly similiar paths, although the US is suffering more severely. The central European economies didn't follow this path, which is why Spanish banks like Santander are in a position to buy up failing institutions like Bradford & Bingley. Curiously, it was a French bank that "broke" this mess, BNP Paribas. __________________ [SIGPIC][/SIGPIC]