US Treasury Save Not Lehman Brothers | ForexGen Update

Monday, November 10, 2008

When Bear Stearns ran into trouble, the US Treasury made the terms favorable for JP Morgan Chase to buy it.

And just last week, the US government effectively nationalized Fannie Mae and Freddie Mac, which between them own or guarantee about half of the $12 trillion US mortgage market.

So already the US tax payer has been put at risk of shouldering the burden of billions of dollars of losses, and it is becoming politically less acceptable for the government to keep bailing out private companies.

By not giving UK bank Barclays a guarantee for Lehman's trading obligations as part of a deal to buy the business, analysts say the US Treasury has put a line under its willingness to use public money to rescue banks which have made wrong decisions.

Instead, government officials have focused on supporting the financial system in other ways, announcing measures to ease access to emergency credit for struggling financial companies.

All traders screaming: why us? Why we? Why now? This is of course due to the low level that dollar has reached after we used to mostly depend on it. All currency pairs contain USD whether as a base or counter currency are suffering fluctuation because of the bad conditions the dollar was suffering. However, as ForexGen has the greatest trading station and financial analysts, ForexGen presents provides all clients with the best solution for this problem. After deep analysis and continuous studies, ForexGen can provide its clients with the best timeframe to perform their trades. And because ForexGen cares for the financial asset of its clients and because ForexGen seeks the general benefit for all, ForexGen experts were making their studies and updating for their analysis every hour to help ForexGen sending the right time for ForexGen clients to perform their trading activity successfully. And hence, the majority of ForexGen clients could avoid the ghost of loss.


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