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Berlusconi Says Leaders May Close World's Markets

Original post made by Samuel, Stanford, on Oct 10, 2008

Bloomberg
Web Link
Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''

``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy.
A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''

Trotsky must be dancing in his grave, Ayers and his friends are sharpening their knives.

Russia has just bailed out Iceland, in exchange for what? not for their cod catch I bet!!








Comments (2)

 +   Like this comment
Posted by Adam Smith
a resident of Crescent Park
on Oct 10, 2008 at 9:40 am

Not a bad idea, but I'm not sure that we want to idiots who caused this mess rewriting the rules. Let's put Ralph Nader and Kevin Phillips in charge of forming a committee, along with some centrist economists from around the world. Them we're talking. Otherwise, we're going to get shafted again.

Berlusconi? What's in it for him? Here's a guy who has badly broken laws and then created new law that forbids investigation into wrongdoing. Essentially, he created his own statute of limitations.


 +   Like this comment
Posted by Adam Smith
a resident of Crescent Park
on Oct 10, 2008 at 10:37 am

Add Nouriel Roubini to the list of advisors. It's about time we had someone who knows what they're talking about in Washington. Robert Rubin? Paulsen? They don't know what they're doing - never did.


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