The International Monetary Fund has warned that the world financial system stands on the "brink of systemic meltdown", despite international efforts to bring the crisis to an end.

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Related link: Henry Paulson warns that more banks could collapse - Times Online

May be the correct to do now.

U.S. to buy shares in struggling banks

In the long run the US government may come out as a winner. A modern society need banks.

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I just don't see this being averted. I would like to see it happen, but honestly I think its inevitable now-and we just need to brace for the worst and work our way through it.

Think of it, the Government buys shares in banks and / or take full control. What do you have to do with the old management?

1. Should there be a black likst / database of incompetent leaders?
2. Cnn have started on their own who are to blaim list.
3. The new leaders should prefer knowledge to glamour.
4. New definition of power: Good advice.

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