It appears that bushco is attempting to SPP-ize the international financial markets.
Courtesy of Reuters:
Paulson to discuss G7 financial coordination
Wed Oct 8, 2008
by David Lawder and Andy Sullivan
WASHINGTON (Reuters) - The Bush administration said Treasury Secretary Henry Paulson at a news conference on Wednesday will discuss coordinated actions by wealthy industrialized countries to ease financial system stress.
White House spokeswoman Dana Perino said Paulson may discuss a plan floated by British Prime Minister Gordon Brown for concerted action to guarantee inter-bank lending.
_______________She declined to provide any more details about the Brown plan, which was disclosed by a G7 source who said the British leader sent a letter to G7 counterparts urging them to issue a set of similar national guarantees aimed at restoring trust in the global market for bank funding.
_______________
Perino said Paulson also will focus on the Treasury's coordinated actions with other federal regulators to tackle "the four key challenges in our financial markets today: confidence, capital, systemic risk, and liquidity."
The Treasury will host the finance ministers and central bank governors of Canada, Britain, France, Germany, Italy and Japan on Friday ahead of semi-annual meetings of the International Monetary Fund and the World Bank.
Well, I feel better now . . . .
UPDATE: Now the party's getting even bigger! What shall we wear, what shall we wear ? ? ? ?
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