« I just got a phone call from a producer at Fox Business News | The Big Picture | Fix the Credit Problem, Not its Symptoms »
We must lead the world to financial stability | Gordon Brown - Times Online
First, every bank in every country must meet capital requirements that ensure confidence.
Secondly, short-term liquidity is simply a means of keeping the system going. What really matters for the future is to open the money markets that have been closed for medium-term funding from the private sector.
Thirdly, we must have stronger international rules for transparency, disclosure and the highest standards of conduct.
And fourthly, national systems of supervision are simply inadequate to cope with the huge cross-continental flows of capital in this new, ever more interdependent world
via We must lead the world to financial stability | Gordon Brown - Times Online
Okay, I have to say that this is probably one of the few government bailout plans that really seem to make sense and really seem like they will do what they are supposed to.
Comments are closed.