In a surprisingly brief statement after a 3-1/2 hour meeting, the G7 stopped short of backing a British plan to guarantee lending between banks, something many on Wall Street saw as vital to end growing market panic.
Kenneth Rogoff, a Harvard University professor and former IMF chief economist, said the G7 would have been better served adopting some version of the British plan so that banks would feel confident enough to loosen their grip on lending.
"Saying that they'll take all steps necessary leaves hanging the question of whether they know what is best and necessary," he told Reuters
Mr Paulson said the US government would buy shares of financial institutions if necessary to halt market turmoil that has wiped out trillions of dollars of wealth.
Mr.Paulson stated
"Trust me, we're not wasting time, we're working around the clock,"
Late 15c., "actively," from actual (q.v.). Meaning "in fact, as opposed to possibility" is from 1580s; that of "at this time, at present" is from 1660s. As an intensive added to a statement and suggesting "as a matter of fact, really, in truth" it is attested from 1762.
Modern use of actuality in the sense of realism.
Is this thread the Fertile Imagination Thread? Really, is actuality* ever a consideration.
*
Long but interesting,
Monetary conspiracy/reality however you wanna look at it
http://video.google.com/videoplay?docid=7065205277695921912#
Here's one for you electronicmaster...
http://www.militaryphotos.net/forums/showthread.php?131041-Underground-Military-Bases-and-UFO
I find it interesting he (theyProject Camelot interviews Jordan Maxwell
Be warned. This video is a knock out.
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