G-20 to give $1 trillion to IMF, World Bank (renounces protectionism)

AP on Yahoo ^ | 4/2/09 | Jane Wardell - ap

[NormsRevenge]

LONDON – Global leaders pledged an additional $1 trillion to restore credit, growth and jobs in the world economy on Thursday, exceeding expectations in their plan to deal with the financial crisis.

The Group of 20 nations also agreed to renounce protectionism and pledged $250 billion in trade finance over the next two years — a key measure to help struggling developing countries, whom they promised to give a greater say in world economic affairs.

The G-20 also outlined a raft of policies to rebuild trust in the financial system, including a crackdown on tax havens and hedge funds and new rules on linking executive pay to performance.

[happygrl]

http://www.youtube.com/watch?v=73ks2TPPyho&feature=related

[happygrl]

I think of Japan where families can service 200 year mortgages.

Speechless.

I guess that's what the banks have planned for all of us ~ generational slavery, a new form of serfdom.

[happygrl]

Flashin’ signs to their homies....

[happygrl]

I have been reading every web blog on what is going on with this economic mess I can find, from all over the world. The consensus seems to be that the doo-doo is so deep that we are done for. No way out, time to hunker down, and hope to survive.

AND

And, what upsets me the most is that the talking heads on TV and the more astute pols know this, and aren’t saying a damn thing about it. I guess they don’t want riots, but these will happen eventually.

No. Try the Four Horsemen of the Apocalpse.

[happygrl]

http://www.youtube.com/watch?v=TESgimsg8ps

[April Lexington]

Daniel Hannon (member of European Paliament from Britain) on the G20 $1T to IMF:

Well, now that you don't need to be an American citizen to be president anymore, I suggest we run this guy for POTUS in 2012!!!