Mexico refuses US offer of $30b swap line

http://www.instablogs.com/
Mexico refuses US offer of $30b swap line

Mexico although being battered in recent weeks by the global credit crisis, has made a historic decision to refuse, at least for the time being, a $30 billion swap line offered by the U.S. Federal Reserve. The peso has slumped in recent weeks and commercial paper has had serious liquidity problems as international investors haul assets from emerging economies. With Mexico already suffering a sharp slowdown in its economy because of falling U.S. demand for its goods, stalled credit could lead to bankruptcies and layoffs. For citizens, although we are fearful, we are also holding great admiration for our President Calderon as he is clearly showing his intentions and are willing to fight for our future and economic prevail.

Category:

People & Blogs

Tags:

• global
• report
• credit
• crisis
• U.S.
• Federal
• Reserve
• peso
• Mexican
• economy
• bankruptcy
• layoffs
• President
• Felipe
• Calderon
• Mexico
• Instablogs

[sm0k3w33ds]

hahahaha stop blaming this on mexico when the problem is in the usa. The bad econmy started in the usa not in mexico stupid ass white poeple thinking there all smart but they got no lifes and getting fucking weilfaire checks fucking lazy ass people

[LACHOYASON]

WHY YOU HATE MEXICO? couse mexico doesn't need that money rigth now is crazy, thats why the mexican are working with Canada and europa more and more becouse at usa there are a very bad feeling about mexico, but remember Mexico is one of the bigest partner in the economy, mexico sale alot of oil to US, mexico buy a lot of the american produce Us border side depend the 80% of the mexican buyers and more stuff why that antimexican feeling for that bad feeling usa is not the same.

[latrusa30]

@gyspiegina oh right i'm mexican and i hace a shower and why do we smell bad you can smell as bad as i do haha and mexico for real no offense has a better, not bigger, but better economy more resistant than yours

[pincheSoetoro]

we won´t get fooled again!!!!!

[KingMEXxxx]

Too much USA money on Mexico could be bad , Calderon doesn't get the credit he deserves honestly.

[1987Battery]

@harj2009 fuck you!!!!

[papagej]

it is a very well balanced and wise decision taken by P.Calderon. Mexico is lucky to have politicians like him. I am Greek,I live in Greece but also familiar with mexican political scene and laws.I can clearly say that i would like to have politicians like him in my country. Most of the comments you make are anything than political based or even discent, guys and actually there is no need to do so. Does the word respect ring any bell here?

[MEXsoldadoPLC4]

@harj2009 fuck you mother ESPANISH: CHINGA TU MADRE HIJO DE PUTA JAJAJA

[gyspiegina]

You know how to spell FUC! the intelligence is just pouring out of you! People like you make Mexico look and smell BAD!!!

[gyspiegina]

You know how to spell FUC! the intelligence is just pouring out of you! People like you make Mexico look and smell BAD!!!

[enchilada01]

@ZEF17 only stupids default on their debt like Spain who has defaulted like 6 times, sorry ass losers!

[enchilada01]

@EASTANBULxxxTURKISH I want Turkish girls! thats more important than U.S. or Europe!