In a move that sets the American tone for the meeting this weekend in London, President Obama called for coordination of increased stimulus spending by the G-20 members and for increased international cooperation in regulating the world’s financial institutions. Most agree that a new world order is needed, but there is not agreement as to [...]
A general view of the Group of Seven (G7) Finance Ministers and Central Bank Governors meeting in Rome, Saturday, Feb. 14, 2009.
The group shot above show the attendees of the meeting. The photo below is a close up of U.S. Federal Reserve Chairman Ben Bernanke, left, U.S. Treasury Secretary Timothy Geithner, second from left, and [...]
The meeting today and tomorrow of the G7 finance ministers in Rome will be looking to America for leadership in solving the global banking crisis. Timothy Geithner, our Secretary of the Treasury must step up to the task.
A report from the Associated Press today discloses that nine out of ten banks that got bailout funds have kept their senior management in place. In other words: “The same executives who were at the controls as the banking system nearly collapsed are the ones the government is counting on to help save it.”
The regular [...]
