>>"The global financial crisis is set to get worse, with a large US bank likely to collapse in the next few months, a former IMF chief economist has warned."
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>>http://newsvote.bbc.co.uk/1/hi/business/7569903.stm
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>Could it be because people are withdrawing their money?
>
>Get Ready For the Banking Bust Thread #1334764 Message #1334764

I don't believe all this is just because of housing/credit crunch. When dollar is constantly loosing value over long period of time, then converting/moving funds from USD to something else (euro) and some place else (Switzerland) seem like natural move for those heavy rich. It simply preserves their money as substance.
Question is what will happen when China and others start converting their 'coupons' to something other then USD.
There will be not enough euros left to withdraw from ATMs here in Europe <g>