Banks are saved

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http://www.bbspot.com/News/2008/09/nigerian-billionaire-helps-banks.html

Quote:
New York, NY – Nigerian philanthropic billionaire Esenam Ayele said that he would make $80 billion dollars available to US banks from his accounts in Nigeria. All he needed to transfer the funds was a trusted associate at the bank.

It couldn't come at a better time for Wall Street as the bankruptcy of Lehman Brothers, the sale of Merrill Lynch and government bailout of AIG has left markets tumbling with no bottom in site. The guaranteed funds should bring some stability back to financial institutions.

Treasury Secretary Hank Paulson said Ayele could be trusted. "I know he's had problems in the past with people believing him, but I assured the folks over at Washington Mutual that he was for real."


more on the linked site.
 
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That's good.

"And the top three financial institutions in the world said they would have no problem insuring such a loan, especially if it was bundled with some Detroit HELOC's, North Korean cash and Russian bonds."
 
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