Sarkozy Urges Credit-Crisis Summit as World Leaders Blame U.S.

[cal04]

Source: 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.

(snip)
Sarkozy told reporters his proposed summit should establish ``principles and new rules'' to regulate financial markets and punish those who ``jeopardize people's savings.'' Leaders should focus on excessive executive salaries that reward success without penalizing failure, he said.

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=aRO_NNUxunJo&refer=home

[fascisthunter]

1. no... just the Wealthy Class and Their Trained Pigs

who like to believe their wealth will somehow tricle down on the rest of us....

[Indenturedebtor]

4. I don't think the smart ones believe that

I'm sure they have a good laugh at the simpletons who do though. What a scam. "Give me your money and through magic you will have more money." :rofl:

[enid602]

2. Cristina

M>aybe Cristina should call it the Viagra crises, in honor of the old white men who thought it up.

[sinkingfeeling]

3. Will they invite Bush & Co.?

[melody]

5. And BushCo's plan goes perfectly along

:(

[Peace Patriot]

6. Yeah, Bloomberg WOULD blame Argentina's leftist goverment for the frigging mess

that the World Bank/IMF and rightwing governments got Argentina into.

"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." --Bloomberg

But Argentina--with the election of a leftist government, and with Venezuela's help--ended up NOT defaulting, but paying its debt off, and recovering from the basketcase that the World Bank/IMF had turned Argentina into, and establishing a growing economy, with all indicators up, and becoming a healthy trading partner for Brazil, Venezuela and other countries.

But Bloomberg would NEVER credit social justice as being essential to prosperity!

------------

This article is interesting, though. Do y'all get the feeling...? Naw. Couldn't be. But let me just get it out here, because of a little newsbit I happened upon, a couple of years ago--that quickly vanished. And it was this: That Russia, China, and, as I recall, India, had gotten together in a meeting, the subject of which was: How to curtail the U.S. bully, which was threatening world peace again? (This was at a time of maximum Bushwhack saber-rattling toward Iran). Could there be more than those three countries involved? Could this be a cooperative effort of many countries to stop the Bushwhacks? And, now that they've crashed us, and stopped the immediate threat of Armageddon, the Bushwhacks are quickly trying to bail themselves and and their closest buds out--utterly without conscience, of course, as regards their "fellow Americans"?

You can't look at this bailout and NOT see a conspiracy. On the surface, the bailout seems designed of, by and for Bushwhacks, and you could surmise--probably with considerable confidence--that the crash was designed for the bailout bill (not the other way around). Long-planned, deliberate--their purpose all along, to completely, totally, nakedly loot us unto the 7th generation. I favor that theory.

However, I'm intrigued by someone like Sarkovy crying foul. He is supposed to be a "conservative," right? (--whatever that means these days; basically, thief). And calling a big crisis meeting with all the countries of the world. (Think they'll include the Bushwhacks, or anybody with a North American accent?)