From Scandinavia:

1. Sweden want to sell carnegie - now controlled by the government - whole. Hopefully without loss for tax payers.
2. Volvo fires 900 additional. They have already fired thousands. That hurts for a big company in a small country.
3. Norwegian investors will sue banks for selling structured instruments that has not been understood neither by the advisors nor the clients.
4. Prime minister Gordon Brown and our prime minister Jens Stoltenberg meet today. They want a global SEC and an institute for ethical leader payment. Today extreme shortness that result in too high risk is rewarded. In short high risk taking is awarded. Gordon Brown: The current financial crisis is a golden opportuinty to reorganize the global financial system. Monetary and fiscal policy cooperation across the world is needed. Argument for a global government? Reminds me of a sinking ship where the crew are desperatly repairing the leakages on the first class. Reread the whole thread and you may understand why.
5. Backward looking is also normal in great corrections. The next crisis will be different.

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