an announcement from the G7 Meeting that there is an consensus plan for dealing with the financial crisis but here is the last paragraph of the statement . . . . let's hope it doesn't go there.
No G7 official was sure the plan would work, so deep is the global financial crisis. If it does not, the next steps would be one of two nuclear options: either to guarantee all liabilities of banks, effectively nationalizing the financial system, or for governments to seek to bypass financial institutions by lending direct to companies and households. Officials hope they will not have to contemplate these options.
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Fiddlers 20 from Fiddler magazine
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[image: fiddlers20_th]Fiddler magazine has come up with a unique way to
celebrate their 20th year of publishing. They have released a retrospective
CD/book...
11 years ago
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