Wednesday, October 15, 2008


The Times online is calling it 'his finest hour'. The world certainly has taken his lead but Churchillian? I am sure Mr. Duff will pitch in on this since he is closer to the action and if I remember correctly, not without an opinion of his PM.

With the bulk of British banking now perched uneasily on his shoulders, the Prime Minister is in Churchillian mode, calling for a new Bretton Woods agreement, harking back to the 1944 conference between the allied powers that led to the creation of the IMF, the World Bank and the guts of the global financial system.

Today, ominously, we have massive public intervention in the market, governments on the rampage against profiteering capitalism and the banishment of shareholder interest.

It sure looks as if Brown's decisive leadership led the way in attack on the financial crisis. Maybe we should give old Gordon the benefit of the doubt.

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