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G-20 to Lend $1 Trillion to IMF, World Bank
A bank doesn’t necessarily have to be corrupt and insolvent to receive government money these days: G-20 leaders pledged $1.1 trillion in financing today to the International Monetary Fund and World Bank, and “declared a crackdown on tax havens and hedge funds,” according to the Associated Press The latter measure, which will create a supervisory body to monitor the global financial system, was immediately seized as a victory by French President Nicolas Sarkozy. "There were moments of tension," Sarkozy said. "Never would we have thought to get as big an agreement." Angela Merkel of Germany, meanwhile, called it “a very ,very good, almost historic compromise.” There was, however, no progress on Barack Obama’s and Gordon Brown’s number one priority: international stimulus spending.
TK798999
Golly, Obama's trip was a big, fat failure. How will the media spin it this time? Probably in the usual glowing way. The media has invested so heavily in promoting Obama 24/7 for over two years they cannot stop drooling yet.
It's pretty telling and pathetic when the socialist countries of Europe advise Obama against outrageous international stimulus spending. Socialism is not to be emulated.
Capitalism is what has made America great, let's all fight to keep it!
The President and the First Lady embarassed themselves and our country this week in Europe. Breaking protocol with the Queen of England is not classy. Michelle should not have pawed the Queen. The Queen was gracious in spite of their classless behavior.
Obama's Ipod gift to the Queen loaded with his own speeches was arrogant and inappropriate. It's nearly impossible to use and Ipod when you are always wearing gloves!
Both Barack and Michelle are in serious need of consultants for fashion, etiquette and protocol. They must rise to the duties they have to fulfill.
mattbenzor
The WORD here is LEND what is the interest on 1 trillion dollars how much more debt will our children have to be enslaved too
historyforgotten
We have trouble with our own United(Seperate) States. At least we can see a more, United, Nations. I love the idea that Obama can quell, two arguing countries. The World no longer sees the America as a Dictatorship, since the 'Fall of Bush and Karl Rove'. This is the way to the True Democracy that we were founded upon.
connie47
TK798999:
You're so filled with hate, it's poisoning you.
1. You're the one spinning the trip. Apparently you didn't listen to any of the actual comments made by leaders of other countries.
2. Michelle did not break protocol. Buckingham Palace has stated that loud and clear. The queen made the first move. At the end of their visit, the queen asked Michelle to keep in touch with her.
3. The iPod did not contain his speecheds, you moron. It contained video of the queen's visit to the United States.
This article is about the IMF and World Bank funds. If you don't understand the article, you can always remain silent.
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n--Y--tavallaiamapola101
Well I thought our Pres and his wife,looked awesome acted for real, have true class, educated, fun, laughter, and what Protocol?The queen must have found it refreshing to meet real people.!!It was exciting for the queen to meet a new generation, a woman of real substance,striking,a refreshing diff. couple,for real,authentic people.making True History.!!In love and in Synch with each other..... and as for the Ipod the queen owned one,and uses with gloves.I think the queen will be listening to her new ipod, it maybe had a couple rapper songs.!!! Old people love to be included in todays generation, with the young.Its the biggest flattery.It shows she is still alive, and learning and evolving with the new.She must have a warehouse full of scarves,jewelery,accesssories,figurines,crystals,and ,ostrich eggs, hats,carved boxes, gold pen sets.materials,on and on.stuff she cant stand, this gift is techie.cool.She must have enjoyed meeting them immensly, and they were awed with her,They are our royalty now,and Trully History for both couples.!!Come on they look like a couple out of the movies.!
amapola101
Pawed the Queen.!!That was a show of affection and fondess. and they have awed Europe the whole week without artificial,actions, and overdone designer clothing and jewels.These peoples clothing do not make them.They make their clothing.They are smart,eloquent,are handsome,and cool.Even if you dont agree or like their policies,class act.
Thank you.
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