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What's happening to stem 'disaster' and 'financial crisis'?

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  • #1

    What's happening to stem 'disaster' and 'financial crisis'?

    Hot off Bloomberg.

    Europe's Leaders, Threatened With `Disaster,' Set New Strategy http://www.bloomberg.com/apps/news?p...NFU&refer=home

    G-7 Commit to `All Necessary Steps' to Stem Meltdown (Update3)
    http://www.bloomberg.com/apps/news?p...TfM&refer=home

    There is a comment in the second article that I wanted to put into the jokes thread, but I cannot find it.

    Originally posted by Bloomberg
    A sign of the strains: The G-7 ministers today met with President George W. Bush, an echo of former President Bill Clinton's visit with the group in 1998 amid the Russian debt default and collapse of the hedge fund Long-Term Capital Management LP.

    `Global Crisis'

    ``This is a serious global crisis and therefore requires a serious global response,'' Bush said at the White House. Bush also met with finance officials from the Group of 20, which includes emerging markets such as Russia and China. The G-20 said in a statement that it was committed to beating the crisis.
    Those given to prayer should catch a knee and offer up thanks that Bush has chosen to lend his keen economic and financial insights to this problem. I am sure he clarified everything for the dumbster banksters. I'm pretty sure Bush didn't say "serious" but rather said "serous."
    Jim 69 y/o

    "...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)

    Dedicated to the idea that all people deserve a chance for a healthy productive life. B&M Gates Fdn.

    Good judgement comes from experience; experience comes from bad judgement. Unknown.
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  • #2
    Re: What's happening to stem 'disaster' and 'financial crisis'?

    Jim, the details are still not released. I wonder what they are waiting for? I reckon it's a least a few more days before the 12th Imam returns to earth with the solution. Will the markets be able to wait that long?

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    • #3
      Re: What's happening to stem 'disaster' and 'financial crisis'?

      EJ will kill me for stateing this but as i see it!

      Everyone has some trouble on the way, Western banks the most. Now BRITISH Banks i suspect will be the ones holding the "Baby (Nuke)". What Brown & the Frog are up to is to try to get the rest of the World or Euro-land with little or no infection to "Take a bite of the S*it sandwitch".......So Britian takes a much smaller bite.

      I suspect their plan will back fire big time..............those whom are NOT badly affected will simply bail a bit and ride out the storm......They will NOT be drawn into "One foe all, all for one" crap.

      ;)
      Mike/Liverpool

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