Only last week the IMF was quite conservative on this crisis. Today the head of the IMF, Dominique Strauss-Kahn is saying “Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown.”
umm, on the brink of systemic meltdown you say?
» World on brink of meltdown, warns IMF – The Australian, 12th October 2008.
» IMF warns of world financial system ‘meltdown’ – The Telegraph, 12th October 2008.