US toxic asset plan

Will Geithner’s latest plan to re-move toxic assets from the financial system really work? The fundamentals are there, they need to be removed to avoid sustained stagnant economic problems like Japan but will the US tax payer have to take the losses on the extremely hard to value assets no-one wants?

Base rate to 0%

Is a world where money is free a real possibility? In theory yes, at which point economic activity should increase dramatically. However, banks are not going to lend when they cannot make a return, plain and simple, simply causing the opposite effect intended. No lending and banks making no money at all! Square one…

Sir Fred

What reward do you deserve for a £24bn loss using £37bn of tax payer’s money with a further £325bn at risk and putting 20,000 innocent employees’ jobs at risk? £16+ million is a round about figure, only £693,000 a year. Is it fair that Sir Fred was offered this? Should he give it back along with his recent knighthood?

G7 commits to open market

During the two day discussions finance ministers met to talk about maintaining financial stability, the US package capping bankers' bonuses to one third of pay and, most importantly, their commitment to retain global market openness to avoid exacerbating the fragile world economy after the US and Chinas' protectionist strategies…