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India asks IMF to act fast on crisis to avoid solvency issues

Washington, October 11: With recession looking a strong possibility, India today asked funding agency IMF to take the lead in resolving the financial meltdown, as a delay in addressing liquidity concerns could cause solvency problems. “The recessionary trend is slowly becoming a reality with the twin threats of the fi ....Read more

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financial crisisBy: shobs | Sunday , 12 Oct '08 17:01:05 PM Reply | Forward From my limited knowledge ,i presume there is a huge amount of illegal money belonging to various people/groups/countries in swiss bank vaults. This is right time to freeze all accounts in these banks and use this to bail out the system from the crisis. It will kill two with one stone (Corrupt politicians

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