American bankers could put world at financial risk, story by Alex Brummer, City Editor, Daily Mail

American bankers could put world at financial risk !

The eyes of the world have been on General David Petraeus, America's top military commander, this week as he outlined plans for the withdrawal of troops from Iraq.

But another influential group of figures in Washington were plotting an even more important course for the world. The normally tight-lipped governors of the Federal Reserve, America's powerful central bank, embarked on an unprecedented information exercise.

Flying across the country - from Manhattan to San Francisco - they began a series of speeches seeking to convince American businesses and consumers that the mortgage meltdown that began in the nation's trailer parks and suburbs, and which is now clogging the arteries of the global financial system, is under control.


Their intention is to make sure this crisis will not bring the U.S. economic juggernaut - and possibly that of the world - to a shuddering halt.





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Comment: We're beginning to see the damaging results of other peoples greed on the World Economy. We could also be seeing the beginning of the demise of the so-called American Empire as the World's only Global Superpower, because of a possible looming world financial crisis and the damage they have caused in the Middle East.