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Steve Netwriter

Paul Keating on global financial crisis

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Pt.1 Paul Keating on global financial crisis

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Pt.2 Paul Keating on global financial crisis

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Pt.3 Paul Keating on global financial crisis

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Pt.4 Paul Keating on global financial crisis

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Thanks to riggerbeautz for the original link:

 

Thought i'd slot Paul Keating take on it in here, includes his views on America/China raltionship, the need to reform G7, countries in surplus to spend etc

 

http://www.abc.net.au/lateline/content/2008/s2480345.htm

 

and thanks to qwertyuiop for the youtube link:

 

 

 

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"G-7 is made of Debtor countries. We need a new framework that includes surplus countries." (like China)

 

"Who is going to buy the bonds?" (And provide other credit, when major banks have wiped out 74% of their capital)

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A Good idea?

 

THE BANKS have "bandaged themselves up, and gone home" says Keating.

"We need to get them back on the playing field."

 

He suggests that the governments should help "package up" infrastructure loans, to increase lending into that sector.

 

This could be a good idea. Since the banks are not doing the job well on their own.

 

The big Australian banks have now moved up into the top 15 globally, so maybe they will play a role.

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