Saturday, October 25, 2008

GLOBAL ECONOMIC MELTDOWN...APPEAL TO KEEP MARKETS OPEN

Though Bush is calling for calm...WE WANT TO KNOW :

WHY DID YOU NOT LISTEN TO WARREN BUFFET or GEORGE SOROS ' WARNINGS ?

GLOBAL ECONOMY CAN BE SAVED ONLY BY HAVING SUCH PEOPLE AS ADVISORS !


Quoting VOA News :

"U.S. President George Bush is urging nations of the world to be patient with a global economic recovery and to maintain policies that keep financial markets open.

During his weekly radio address Saturday, President Bush said it is especially important to continue open market policies at a time when the global economy is uncertain.

Mr. Bush will host a world economic summit in Washington on November 15. He called on leaders attending the summit to recommit themselves to what he describes as "proven methods for creating prosperity and hope."

The former head of the U.S. central bank, Alan Greenspan, told members of Congress Thursday that more regulation of the finance industry is needed. Greenspan opposed tighter regulations during his 18 years as chairman of the U.S. Federal Reserve. Greenspan said the current financial crisis has left him in a "state of shocked disbelief."

ANALYSIS : I SYMPATHIZE WITH A PERSON WITH THE ABILITY OF A. GREENSPAN..BUT WHY WERE THE PREDICTIONS OF GEORGE SOROS, WARREN BUFFET IGNORED ?

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