Rumored Market Closure - New Bretton Woods
From news_archive.php?id=114065
Bloomberg - Oct 10 -- Italian Prime Minister Silvio Berlusconi said [B]political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''[/B] ``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.'' The Dow Jones Industrial Average fell as much 8.1 percent in early trading and pared most of those losses after Berlusconi's remarks. ...
(full story)