Sovereign funds scoop up crisis victims

For better or worse, big chunks of the Western financial system are falling like ripe fruit into the laps of petrodollar sheikdoms and well-heeled Asian governments.

//snipurl.com/1v6oj



China tells US to fix its own economic problems

China told the United States Wednesday to fix its own economic problems rather than deliver lectures, as the two sides warned at top-level talks here that protectionism threatened their trade ties.

//snipurl.com/1v6ol



Subprime hotline has 45,000 calls in three days

A hotline for a program that aims to help about 1.2 million subprime borrowers received 45,000 calls in the three days after President George W. Bush announced the program, the HOPE NOW alliance said on Tuesday.

//biz.yahoo.com/rb/071211/usa_subprime_plan_response.html?.v=1



Bank of America shutting $12 billion cash fund

Cash withdrawals halted; investor redemptions paid 'in kind'
//snipurl.com/1v6om


Informant: Thomas L. Knapp

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