Bank Bailout Could End Extreme Global Poverty For 50 Years


	Bank Bailout Could End Extreme Global Poverty For 50 Years

Anomaly100

4-2-2009 2:12 PM

172 views

tags:

bank bailout, poverty, g20, global, wow that's cool

Anomaly100 says:

"We cannot return to the situation where the greed of the richest was allowed to take precedence over the needs of millions," said Offenheiser. "G-20 leaders have a real opportunity to take a significant step towards a fairer, more sustainable world."

2 Comments |

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4-2-2009 11:22 PM

Windeagle

FOUND MONEY are u kiddin' they just print it!

4-4-2009 4:54 PM

Anomaly100

I wouldn't bet on them having enough gold to account for the money that's been printed, that's for sure.

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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/2b2a3ee1-b57b-4b88-a487-0b18fa2f5988/D1A5E8C3-95BB-42DC-A523-330B4CA428CE/" 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://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years" href="http://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years" style="font-size: 11px;">us.oneworld.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years"><H2>Bank bailout could end poverty for 50 years</H2></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://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/us.oneworld.net/img/1ECC2935-C574-423A-A65D-E5C4F963B39B" alt=""Rich governments whose policies contributed to the crisis have a responsibility to help those who cannot afford their own bailouts," says Raymond C. Offenheiser, president of Oxfam America. &copy;&nbsp;Coyotos(back in Paris) (Flickr)" /></div></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://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years"><P>WASHINGTON, DC - The $8.42 trillion promised by rich country governments to bailout banks would be enough to end extreme global poverty for 50 years and a significant step towards ending it forever, said international agency Oxfam today ahead of the meeting of G-20 leaders in London on Thursday.</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://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years"><P>Oxfam says G-20 leaders could make a critical difference to the world's poorest people by diverting a tiny fraction of the bailout money to provide an economic stimulus, social safety nets and health services for those affected by the economic crisis.</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://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years">Urgent action is also needed to crackdown on tax havens, which deprive developing countries of hundreds of millions of dollars of tax revenue every year-</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://us.oneworld.net/article/361536-bank-bailout-could-end-poverty-50-years"><P>"When you look at the amount of money that has been found for banks it seems inconceivable that G-20 leaders will stand aside and allow the economic crisis to destroy poor people' lives," said Raymond C. 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