"The world financial system is teetering on the "brink of systemic meltdown", the head of the International Monetary Fund (IMF) has warned in Washington.
Dominique Strauss-Kahn said the crisis was being fanned by fears over debt-ridden banks but added rich nations had so far failed to restore confidence.
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Speaking in the US capital on Saturday, Mr Strauss-Kahn said: "Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown.""
Let's just talk the markets down, why don't we? It is almost as though ome people want the world economy to fail, Atlas Shrugged where are you?
1 comment:
This whole financial meltdown thing is like one big banking snuff movie and the BBC are fair salivating at all of this.
The egos of the "reporters" are being well stoked and I think that the BBC has played a huge and very damaging part in all of this, especially that dashed annoying and frankly scary Robert Peston, with his blog, inflammatory comments and dangerous obsession with financial doom.
I am glad I don't pay for this tosh...oh wait, pants! I do...well in that case can I get a refund for false advertising? The BBC does not so much report the news as try to make it.
Gits!
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