http://www.nytimes.com/2008/10/11/business/11global.html?th&emc=th
Now, WHY can’t the richest nations backstop the banking industry? Who do they think is gonna do it for them? On the other hand, look what they did to the UN, the IMF, the World Bank, Fannie Mae and Freddie Mac. Maybe we shouldn’t let them fix it. Let the world’s POOREST nations fix it, eh?~ Ed.
WASHINGTON — The United States and six other nations that are among the world’s richest agreed on Friday to a coordinated plan to rescue the financial industry, but fell short of offering concrete steps to backstop bank lending on a day when fear tightened its grip on investors from Wall Street to Hong Kong.
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