How are our Leaders going to respond to the growing Economic Crisis?

The leaders of the G7 nations are holding emergency conferences to see what they can do to stop what is building into a growing Economic Storm.


But what can they do?





Here is one idea being floated





http://www.nytimes.com/2011/08/08/busine…





"I don’t know if there is a policy response that makes sense, except support the banks,” Carl B. Weinberg, chief economist of High Frequency Economics in Valhalla, N.Y., said Sunday. He said the European Central Bank should make even greater quantities of cheap loans available to banks, so they could survive a decline in the value of their holdings of Spanish and Italian debt."





So this man thinks we need to give more money to the banks out of our National Coffers, "supporting" the very people who bet the farm and lost their butts.


Giving money to the banks is like giving money to an inveterate gambler. You give him money and he runs to the casino, full of hope that "this time he will hit it big"


The only way to stop the gambling is to take away the money. The banks that are at the core of this crisis will fail. Then there will be an opportunity to clean this mess up.


But kicking the can down the road is not going to solve a thing





How do you feel?|||Your analysis of the situation is good.


They are going to respond to the crisis with platitudes and meaningless cliches like they always do. "Lets just postpone major decisions and this might just blow itself out."|||These banks are not in financial trouble!


They bankrupt the entire World, but hedged against their own "AAA" funds and won.





Still no one in prison under the RICO act. We have no Congress people with the balls to send a couple away just like they did with ENRON for falsely backed "Securities"!!!!

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|||I think world leaders are "just guessing", reguarding Solutions.


The (hidden truth) is, It is a "changing world", with more


people in it, who want more things.... Everybody in the world


wants what the other half has....|||Close down those bankrupt Banks simple as that. Banksters and gangsters has one in common they love to hijack peoples monies.|||yes give more money to banks who will award their top honchos with hefty performance bonuses .|||I wish they would listen to ECONOMISTS instead of ill informed voters and Congresspeople.