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When the dollar is `under attack at home, from a Fed that’s printing paper money like it has no value,’ and China’s actions are tipping the balance of the global currency system away from the US dollar, where do investors go? President Barack Obama is expected to meet with chief executives of 12 major …
When the dollar is `under attack at home, from a Fed that’s printing paper money like it has no value,’ and China’s actions are tipping the balance of the global currency system away from the US dollar, where do investors go?
President Barack Obama is expected to meet with chief executives of 12 major banks on Monday and is expected to urge them to lend more money to help promote economic recovery.
Monday’s discussions of the US administration’s financial regulatory reforms would necessarily involve thrashing out another plan to induce growth in the economy.
For Washington, a focal point has been the extent to which banks have been willing to lend. More so, after the US government pumped billions into the banking sector over the past year in a bid to get the economy back on track.
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