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IMF chief warns: Global financial system on verge of systemic meltdown as G7 announces no new ideas

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Politics_Guy25 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-11-08 05:41 PM
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IMF chief warns: Global financial system on verge of systemic meltdown as G7 announces no new ideas
Strong words from the IMF chief. Wow.

Link at http://www.msnbc.msn.com/id/27129830/

Quote:

"Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown," IMF chief Dominique Strauss-Kahn said.

I wonder if the IMF will take dramatic action itself?
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