Sunday, October 19, 2008

A financial new world order? | csmonitor.com

A financial new world order? | csmonitor.com: "When President Bush hosts a world financial summit in the coming weeks, one of the least multilateral American presidents in decades will set in motion what could result in a full reordering of the global financial system.

The series of summits that Mr. Bush announced over the weekend at Camp David with European leaders at his side suggests a broad understanding among them: that the current crisis requires the kind of global regulatory reforms that have eluded major powers in the past."

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It would have been nice if these folks had seen "the current crisis" coming a few months ago.

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