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Asia pushes for economic reform after World Bank loan

Mexico News.Net
Wednesday 15th October, 2008

Asian leaders are now pushing for an overhaul of the world's financial structure after it was learned Asia had joined in with the bailing out of banks to avert a financial meltdown.

Southeast Asian nations backed by Japan, South Korea, China and the World Bank, were the latest to join the global rescue effort.

The countries have agreed to create a multi-billion fund to buy bad debt and help banks.

The Southeast Asian fund, to be set up with a $10 billion loan from the World Bank, will buy bad debts and support banks in the region.

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Comments on this story

Anonymous
10-15-08, 06:46 PM

CEO wages are in some cases criminal

CEO is trusted with the care of the company.. IT IS NOT HIS TO PLUNDER !! There must be some sort of laws that prevents a director from walking away with $460 million from a investment bank that has just gone broke! That is just one of the corporate suckers.. Like to see where he is going to invest his money! So sad if he loses all his investments too, because all the other directors are doing the same.. When will humans understand that stealing like this, everyone loses, even yourself.

Anonymous
10-15-08, 08:30 AM

Asia pushes for economic reform after World Bank loan

That’s it..sell your arse to china

Anonymous
10-15-08, 09:04 AM

Already done that.

kawahchan
10-15-08, 12:01 PM

QUESTION TO: EU leaders seek broad bank reform.

We have a Reform question to UK Prime Minister Gordon Brown and European Commission’s Jose Manuel Barroso ... Supposed McCAIN-PALIN is elected US President, will EU leaders favor to recognize a brand new U.S. Federal Reserve’s pure yellow US-Gold-US-smelted “Muslim Gold Dinar” as the 2nd American currency other than the daily 1st American currency as US Dollar ? Because since Americans have learnt a lesson from OPEC crude oil can dominate our global economics, the United States under McCAIN-PALIN’s “American Energy Independent” policy is on our early milestone. It is nice and diversified for Americans to use our pure yellow US-Gold-US-smelted “Muslim Gold Dinar” to do business with the world’s 4th large Muslim population which U.S.A. is no longer can ignore these Muslim people and missing business opportunities. Once the US Dollar is devaluation, Americans can use higher gold-priced US-Gold-US-smelted “Muslim Gold Dinar” to trade; this way, we are benefit from:
1) US Dollar$ : US-Gold-US-smelted “Muslim Gold Dinar” per ounce in order to balance the inflation caused by the OPEC controlled crude oil production. So far American people are suffering too much from inflation. The natural resource of US Gold Bars are our America’s property, Americans can use gold to fight inflation.
2) Americans to use US-Gold-US-smelted “Muslim Gold Dinar” to silkworn-encroach upon the Middle East’s Islamic economy.

;) Midnight
10-15-08, 02:50 PM

Maybe we should be basing our economy on oil rather than gold, we could call it the oil standard.


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