Bush says countries working together to resolve financial crisis

Bush says countries working together to resolve financial crisis

Maybe there would be world stability if bush would go home before his time expires, because he and his administration has been the main cause of this world instability.

People will be relieved once he is gone into pasture with his cows.

His administration has been the worst in America’s history, he will be remembered as satan reincarnated, who has done great damage to humanity.
Sammy

Fearless W and his buddies gonna fix it...
:rolleyes:
Crisis on world stage
October 11, 2008: Bush and global financial leaders vow to fight the growing financial meltdown.

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World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression. President Bush and finance officials from the Group of Seven, Group of 20 and the International Monetary Fund - gathering in the nation’s capital - vowed vigilance in helping economies around the world on the road to recovery. Concerns about the solvency of banks and financial institutions in recent weeks “had pushed the global financial system to the brink of systemic meltdown," said Dominique Strauss-Kahn, IMF managing director.

Strauss-Kahn said steps taken so far by the United States and European nations hadn’t been fully effective and that more would be necessary in “the coming months." For his part, President Bush did not announce any new actions to stem the financial panic gripping the world, but reiterated measures world leaders are taking to strengthen financial systems. “We recognize that the turmoil in the financial markets is affecting all our citizens," Bush said early Saturday morning. “All of us recognize this is a serious global crisis that requires a serious global response for the good of our people."

Both Bush and U.S. Treasury Secretary Henry Paulson spoke about the latest step being contemplated by the United States - injecting much-needed capital into banks. “In recent weeks, financial market turmoil intensified throughout the world and credit markets froze, causing a chain reaction resulting in non-financial companies experiencing difficulty in financing normal business operations." Paulson told an IMF meeting. The Bush administration is considering whether to use the authority granted in the $700 billion rescue plan enacted on Oct. 3 to take ownership stakes in financial institutions to stabilize and restore confidence in them.

Other countries are also taking action to inject liquidity, protect citizens' savings and strengthen financial institutions in their own nations, he said. Finance leaders from the world’s top economies, the Group of Seven, pledged Friday night to take steps to keep leading institutions afloat, unfreeze credit, ensure banks have enough capital to kick start lending and safeguard depositors' funds and restart the secondary markets for mortgages and other securitized assets. Bush said that it is vital that countries work together so that their actions don’t undermine others. He pointed to the emergency interest rate cut enacted this week as an example of a coordinated effort.

[url=http://money.cnn.com/2008/10/11/news/economy/bush_group_of_seven/index.htm:
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Did the 'lil one' invite the boys to see...

... , The Trillion Dollar Prize on his table?

Who would not be impressed and 'agree'?

The world is full of sick people

My friends, there are a lot of sick people out there.

Yes these people are very very sick, because they are living in a illusionary world, thinking that money is power.

But I say; Money is not power, money is evil, because it brings hardship to many people.

Money, brings a false sense of being superior to another person, which it is not really true, in the full sense of the word, because we are all equal, and a good test for that is to leave a starving man and a rich man naked in the middle of a dessert, and then see who is superior.

Well this my example could be evidenced if the wealthy will lose all their money, and then it will be seen how really powerful they really are, to adapt to the everyday life that common people practice everyday.

In order for a wealthy person to consider others, he must live the same way as the poor live, and then he will realize and have a different view about others who are less fortunate.

So I believe that it would be a good lesson to have a meltdown, so that this way there will be more respect towards one another, without the advantage that money brings which makes the rich think of being superior over the poor.

Sammy (A free-thinker) who believes in truth, justice, and equality, without the influence of money to upset the balance, something that has been practiced by the rich to obstruct the flow of equal justice.

Sammy, because of his liberal thinking, they have stolen his car recently, and is constantly under pressure by those who do not like his expressions.