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Germany Steps up Pressure for Bank Regulation

As Germany Friday, Oct. 10 stepped up diplomatic pressure to regulate financial markets under an eight-point plan, Berlin denied it had plans to nationalize commercial banks.

However, Berlin may inject equity into troubled German banks, its two top financial officials signaled as they arrived in Washington for Group of Seven (G7) talks.

Seems they are really troubled about the large commercial banks if they now think about equity injections.

I suspect there would be a lot more unrest in Germany if we didn´t still have all those local thrifts and credit unions. National news and local news both report that thrifts and credit unions show a growth in the number of deposits and money in deposits.

by Detlef (Detlef1961_at_yahoo_dot_de) on Fri Oct 10th, 2008 at 01:50:39 PM EST

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