Bush and Brown in push to deal with ($) crisis

[katty]

more: http://www.ft.com/cms/s/0/9911943e-fe87-11dc-9e04-000077b07658.html?nclick_check=1

Bush and Brown in push to deal with crisis
By James Blitz and George Parker in London

Published: March 30 2008 22:01 | Last updated: March 30 2008 22:01

George W. Bush, US president, and Gordon Brown, UK prime minister, have agreed to step up co-operation over the crisis in financial markets. They are setting up a joint working group which will develop plans to monitor and regulate the banking system.

At the heart of the proposals, agreed on Wednesday by Hank Paulson, US Treasury secretary, and Alistair Darling, UK chancellor, is the creation of a body made up of senior Treasury and regulatory figures from London and Washington.

EDITOR’S CHOICE
UK to press for international regulation - Mar-30Shake-up aims to streamline US system - Mar-30UN issues subprime warning for Asia - Mar-27Analysis: Fear fatigue in the markets - Mar-23France and UK to press banks over debt - Mar-23Leaders share a loss of voter confidence - Mar-24Mr Brown and Mr Bush will discuss greater UK-US co-operation in tackling the financial crisis when they meet at a Nato summit in Bucharest this week and a Washington summit next month.

Whitehall officials say the new UK-US working group, whose membership and terms of reference are being finalised, will seek to establish a common approach on how to respond to the crisis before next month’s meetings of the Group of Seven, the International Monetary Fund and the World Bank.

However, officials say that, given the huge role that London and New York play in financial markets, the significance of the new body will go beyond that.

[cliss]

1. Ok: that's it (cutting open my mattress)

If Bush is involved, we can kiss our banking system Good-Bye :smoke:

[bemildred]

2. Oh yeah, put a tiger team on it. Let's do a study of the problem. nt

[Doctor_J]

3. Can you imagine The Idiot joining in these discussions?

Daydreaming about pussy and his escape to Paraguay. Writing notes to Condi about how he has to go to the bathroom. Trying to fight off the DT's until he can get back to his room. Hearing people mention derivatives and getting all pissed off because he doesn't understand a word that's being said. I wonder if the Valium keeps him from screaming at people and trying to pick fist fights at these things.