Ben Bernanke and Hank Paulson are in front of the US congressmen and Senators today trying to push their emergency rescue package. After huge gains on Friday, the S&P and FTSE are back down heavily as people realise that this is no done deal.
There is a huge dilemma at the centre of this; save the banks and buy off the bankers. or screw the banks and take the Western Economies down too.
Not an easy choice to have to make. Some changes need to be made to the $700 billion package, perhaps enough to get it through the US system.
Meanwhile on planet Brown, he is saying that he is off to Washington to negotiate about the future of the World Financial System! Think he is a day late, the US will be telling him what they already decided to do.
Deluded is not strong enough a word for this....