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It's not so much that there should or shouldn't be co-ordinated action. I'm certain that there is concensus on that by now, I think there is a real problem of what that action should be.

Mad inaccurate characterisations follow;-
The Brown/Darling (UK) plan has been described as a compromise between the Swedish bailout plan of the 90s (ie nationalise everything and start again) and the Paulson plan (give Wall St lots of money and hope they don't waste it - Doh !!). The problem is that there's not enough central control of markets for the europeans and it's too close to nationalisation for the Americans.

Both sides know it sort-of represents what their agreement should look like, but each wants the concensus to move a long way in different directions.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Oct 12th, 2008 at 11:45:45 AM EST
[ Parent ]
Both sides know it sort-of represents what their agreement should look like, but each wants the concensus to move a long way in different directions.

Well said. The whole world in a sentence.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Sun Oct 12th, 2008 at 11:50:55 AM EST
[ Parent ]
i saw a syrian journalist on gavin esler's 'dateline'-bbc world, saying that all businesses in syria must have 20% gvt ownership, so regulators don't have to work from the 'outside'.

i'n paraphrasing, but that's the gist of it...

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Sun Oct 12th, 2008 at 06:17:08 PM EST
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