China banks told to halt lending to US banks-SCMP | Markets | Markets News | Reuters: "BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday."
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I think this is what Bush was talking about when he said that "credit markets are frozen." I wonder if Obama thinks this is important enough for him to stop the preening and posturing and go back to Washington. Last time I checked, he was supposedly a US Senator. I realize he thinks he is already President, but it seems that he might actually need to vote "present" again.
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