Bush Leadership in Meltdown Troubles Investors: Frederick Kempe


	Bush Leadership in Meltdown Troubles Investors: Frederick Kempe

rmowery

3-18-2008 9:39 AM

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tags:

bush, economy, leadership, imf

1 Comment |

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3-18-2008 11:36 AM

BartendingBear

Too bad his "leadership in meltdown" hasn't had much effect on those who can stop it.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/75959d1d-484d-4c8d-a730-8ba5d5d232a8/69FF8691-EA8C-4FB5-933F-ADE42CF82B7F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8" href="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8"><SPAN class="news_story_title">Bush Leadership in Meltdown Troubles Investors: Frederick Kempe </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8"><P>     March 18 (Bloomberg) -- The cost of faltering American
leadership is growing as quickly as you can say Bear Stearns.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8"><P>And the stakes in the U.S. election campaign increase with
every dismal twist of the economic cycle.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8"><P>Much of what we are watching feels like an emerging-market
meltdown to top international financiers: runaway debt, a
declining currency, imploding markets, failing political
leadership and the urgent need for outside intervention to
provide emergency stability.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8"><P>But don't expect the International Monetary Fund to step in
to impose discipline and provide stabilization. When you are the
world's strongest and biggest economy, you do that sort of thing
for yourself.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_kempe&sid=ajws3bPNlDx8"><P>And that's where global investors have their doubts about
American leadership. Those doubts weren't eased by the sale of
Bear Stearns Cos. for $2 a share to JPMorgan Chase & Co., plus
$30 billion of Federal Reserve financing for its dodgier assets.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/69FF8691-EA8C-4FB5-933F-ADE42CF82B7F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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