US government draws up list of banks on the brink

Thailand News.Net
Wednesday 17th September, 2008

The White House has expressed concern that other major US financial institutions are likely to founder due to the credit crisis and has drawn up a list of companies whose bankruptcy would harm the entire US economy.

The list has not been revealed.

On Tuesday the White House provided an 85 billion dollar loan to insurance company AIG following the failure of two major banks.

President of the International Monetary Fund Dominique Strauss-Kahn warned that the credit crisis may slow the growth of the world economy.

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