Like Ted Bundy calling a summit on how to deal with issues of violence against women.
George Bush to summon leaders to emergency finance summit
The prospect of a high-level global meeting came as the US central bank launched a new bid to unfreeze credit markets by effectively lending billions of dollars to US companies.
The Federal Reserve moved after lending in the commercial paper market – where companies raise money from the open money markets – all but ceased, raising a serious threat to many American businesses’ operations.
“This facility should encourage investors to once again engage in term lending in the commercial paper market,” the Fed said.
The Fed’s move — which puts billions of dollars of US taxpayers’ money at risk — was the latest sign of how desperate American leaders are to unblock the global financial system and avert a severe recession.
Mr Bush underlined that message personally on Tuesday in conversations with other world leaders.
They’re all effed up because of the socialist framework which guided their decisions. That includes Europe, Clinton, Bush, the Dems in Congress and everyone who decided equal outcome was a better thing than equal opportunity.
Well, for better or worse, I think it’s necessary and appropriate that there be coordination between the international players. The credit problem is global, with money squishing around between nations. Coordination will discouarge a destabilizing stampede. Right now everybody is working on a natioanl rescue plan, but maybe one nation will make a “better” guarantee than another nation. You can see how that nation might be instantly overwhelmed with refugee capital, while its neighbor will be instantly abandoned. So, for example, if FDIC-type protection is, for the moment, uniformly maintained around the globe, that makes things a bit more stable, because there’s less reason to flee. I think that’s the general logic of what needs to be done, and why the nations must work together.
Instead of propping up the financial institutions, why not actually FIX the problems? Throwing cash at it won’t fix the broken system. The rescue plans are a real joke with potential ( more so highly likely than not) for tremendous waste and fraud. AIG?
I guess the good ole US economy was more a factor than the rest of the world wanted to admit. Mmmm hmmmmm.
Good one, Tammy! I enjoyed your final “word” on this one. You’re absolutely right. Equal outcome is never a better thing than equal opportunity.
Just curious and thinking out loud…
But on 9/11/2001, the arab/islamic terrorists wished as part of their plan to destroy the American and Western financial markets. They hoped that taking down the Twin Towers would effectively take down Wall Street, no?
I have been trying (without bordering on kooky conspiracy theory) to correlate what the US and all financially prosperous “westernly civilized” countries are currently experiencing, to 9/11. Is there a correlation to be made? Can any direct or indirect lines be drawn from the events in 2001 to the meltdowns in 2008?
Did more contribute to this than the simple greed and partisan back-stabbing here at home, and the obvious global market connectivity factor?
Oil prices? Donald Trump claims the entire mess rests on oil and inflated oil pricing – and not so much on failed policies about mortgages, etc…
Oil, arabs, muslims, middle east, 9/11…? hmmm. My brain can’t do higher math. Anyone else?
Like I said, just thinking out loud…