IMF director Dominique Strauss-Kahn tried to kick-start stalled G7 negotiations in Washington this weekend by reminding everyone what was at stake. “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,” he said. It doesn’t get much more direct than that. The truth is, governments are trying to do the impossible. They are trying to make bad loans turn good.
October 12th, 2008 | Dan Denning | 1 comment | Continued Our DR Global Editions: 
Sunday, November 08th, 2009
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2009-11-06 00:47 Most Comments
- Australian House Prices Are Severely and Seriously Unaffordable (183)
- Tell Us What Questions You Want Answered in the DR (169)
- A Flawed Theory on How to Manage an Economy During a Recession (100)
- Total Meltdown of the Aussie Housing Market (91)
- House Prices Always Go Structurally Higher in Australia (75)
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"The poor object to being governed badly, while the rich object to being governed at all." G. K. Chesterton
Dan | 8Nov09 | More -
Gidday Ross. Number 4 sounds best but not betting on it.
Lucky the email was in my deleted items box for ...
Lachlan Scanlan | 8Nov09 | More -
This is why moderators are needed in a public forum such as this.
Dan | 8Nov09 | More -
" I rarely see the need to use smiley emoticons." :(
Pete | 8Nov09 | More -
Lachlan, have you got that link? I only read Casey when he syndicates. He isn't signed on to ...
Ross | 8Nov09 | More -
Well, at least it was funny.
Dan | 8Nov09 | More -
Much as i'd like to see Sydney house prices fall i do not think what happens in the USA will ...
murray | 8Nov09 | More -
EPILOGUE: Mr Denning strode into the office, stepped gingerly around a shred of cerebral cortex, over a lump of amygdala, ...
Pete | 8Nov09 | More -
Don't recall talking about diversity Pete??? But I'm sure you'll explain it to me elsewhere if you are in the ...
Ned S | 7Nov09 | More -
Fully suspected the same Dan - Thus my "leave youse tuit" and "hold em/fold em" comments. Housing's an emotive issue. ...
Ned S | 7Nov09 | More
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"The poor object to being governed badly, while the rich object to being governed at all." G. K. Chesterton
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