Open Your Wallets--IMF Chief says IMF Needs a Bailout

[bobbyw24]

Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis.

The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund is inadequate to deliver the scale of the support required by troubled states.

http://www.telegraph.co.uk/finance/financialcrisis/8788223/Christine-Lagarde-IMF-may-need-billions-in-extra-funding.html

[Seraphim]

You know the world is in trouble when the bail out fund needs a bail out.

[bobbyw24]

You know the world is in trouble when the bail out fund needs a bail out.

G Edward Griffin predicted this ...

[Seraphim]

Most astute libertarians and Austrian economists did.

It's about as predictable as the sunrise and the sunset. Not to the sheeple, mind you...


G Edward Griffin predicted this ...

[bobbyw24]

Most astute libertarians and Austrian economists did.

It's about as predictable as the sunrise and the sunset. Not to the sheeple, mind you...

Too--he exposed this in the 90s

[bobbyw24]

Rep. Cathy McMorris Rodgers (R-WA), the Vice Chair of the House Republican Conference, released a statement Monday saying that she would oppose any effort increase funding for the International Monetary Fund to be used to bailout European banks.

Read more: http://www.businessinsider.com/republicans-reject-calls-for-more-imf-funding-for-eurozone-bailout-2011-9#ixzz1Z5DGksYK

[Seraphim]

I wonder how long it will take until she has an unfortunate automobile accident.


Rep. Cathy McMorris Rodgers (R-WA), the Vice Chair of the House Republican Conference, released a statement Monday saying that she would oppose any effort increase funding for the International Monetary Fund to be used to bailout European banks.

Read more: http://www.businessinsider.com/republicans-reject-calls-for-more-imf-funding-for-eurozone-bailout-2011-9#ixzz1Z5DGksYK

[Travlyr]

you know the world is in trouble when the bail out fund needs a bail out.

qft!