Why Financial Collapses Are Unavoidable And Government Actions May Be Backfiring | Money and Markets: Free Investment Email Newsletter

Why Financial Collapses Are Unavoidable And Government Actions May Be Backfiring | Money and Markets: Free Investment Email Newsletter: "Dear IMF Managing Director Strauss-Kahn:

This past Saturday, October 11, at a joint press conference by world economic leaders, you said:

“Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown.”

Further, in an attempt to prevent that potentially traumatic outcome, some of the world’s largest nations have proposed a series of new steps, including massive direct injections of taxpayer capital into private-sector banks."