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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-02-09 02:02 PM
Original message
The Washington Consensus is over -
Adios Friedman et al. Fuck You!!

http://english.aljazeera.net/news/europe/2009/04/200942143554840312.html
<snip>
In a closing speech at the meeting, Gordon Brown, Britain's prime minister, also pledged enhanced supervision for large hedge funds and a crackdown on tax havens.

"The old Washington consensus is over, today we have reached a new consensus that we will do what is necessary to restore growth and jobs and prevent a crisis such as this from happening again," Brown said.

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Now what's the new one?
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HeresyLives Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-02-09 02:24 PM
Response to Original message
1. 'New world order' Brown said.
So it's a global consensus now.
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HeresyLives Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-02-09 02:24 PM
Response to Original message
2. Sorry, I duped that.
Edited on Thu Apr-02-09 02:25 PM by HeresyLives
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-02-09 02:30 PM
Response to Original message
3. Geithner has been telling us the new one for a week now...
He wants the Fed to have oversight of what used to be the Constitutional right of the Congress to
determine expenditures.
He wants the Fed. to have over sight of banks, not a Government agency that is accountable to Congress and voters via congress.
Look it up.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-02-09 02:35 PM
Response to Reply #3
4. I'm talking about the global financial system not that rubbish
Geithner discussed last week. Foreign governments are supposed to be accountable to their citizens not to the US Congress or the Fed.
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