Psychoblues
09-23-2008, 06:21 PM
More adults speak up on this issue!!!!!!!
By Bill Varner
Sept. 23 (Bloomberg) -- French President Nicolas Sarkozy urged a summit meeting on the U.S. financial crisis as African, Asian and Latin American presidents used United Nations speeches to blame American mismanagement for creating the economic peril.
Sarkozy, whose country currently holds the rotating presidency of the European Union, called for a meeting of leaders of the world's industrialized nations in November to deal with what he called the ``mad system'' that produced the meltdown.
UN Secretary-General Ban Ki-moon said the crisis ``endangers all our work'' to ease poverty and hunger in poor nations. Even Argentina, which defaulted on $95 billion of debt in late 2001, had harsh words for the U.S. about the economic contagion spreading around the world.
``No one can talk about the `caipirinha crisis' or the `tequila crisis' or the `rice crisis' or whatever name that always denoted the crisis was coming from emerging markets,'' Argentine President Cristina Fernandez de Kirchner said. ``We should perhaps call it the `jazz crisis,' where the effects emanate from the center of the biggest economy.''
The annual opening of the General Assembly began as Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson warned Congress that failure to pass a $700 billion plan to buy troubled assets from financial firms would threaten markets and the U.S. economy.
Stocks and bonds fell in Moscow and Shanghai, halting a record emerging-markets rally, as investors became concerned that the plan won't prevent a worldwide recession.
Boundless Greed...............................
More: http://www.bloomberg.com/apps/news?pid=20601087&sid=aRO_NNUxunJo&refer=home
There are some, I suspect thousands, that need to be in jail over this economic mess!!!!!!!!!!
:salute::cheers2::clap::laugh2::cheers2::salute:
By Bill Varner
Sept. 23 (Bloomberg) -- French President Nicolas Sarkozy urged a summit meeting on the U.S. financial crisis as African, Asian and Latin American presidents used United Nations speeches to blame American mismanagement for creating the economic peril.
Sarkozy, whose country currently holds the rotating presidency of the European Union, called for a meeting of leaders of the world's industrialized nations in November to deal with what he called the ``mad system'' that produced the meltdown.
UN Secretary-General Ban Ki-moon said the crisis ``endangers all our work'' to ease poverty and hunger in poor nations. Even Argentina, which defaulted on $95 billion of debt in late 2001, had harsh words for the U.S. about the economic contagion spreading around the world.
``No one can talk about the `caipirinha crisis' or the `tequila crisis' or the `rice crisis' or whatever name that always denoted the crisis was coming from emerging markets,'' Argentine President Cristina Fernandez de Kirchner said. ``We should perhaps call it the `jazz crisis,' where the effects emanate from the center of the biggest economy.''
The annual opening of the General Assembly began as Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson warned Congress that failure to pass a $700 billion plan to buy troubled assets from financial firms would threaten markets and the U.S. economy.
Stocks and bonds fell in Moscow and Shanghai, halting a record emerging-markets rally, as investors became concerned that the plan won't prevent a worldwide recession.
Boundless Greed...............................
More: http://www.bloomberg.com/apps/news?pid=20601087&sid=aRO_NNUxunJo&refer=home
There are some, I suspect thousands, that need to be in jail over this economic mess!!!!!!!!!!
:salute::cheers2::clap::laugh2::cheers2::salute: