At a recent White House meeting, Paul Volcker, the former chairman of the Fed, said the president should delay revamping the US regulatory system until he had quelled the financial crisis. Mr Obama ignored the advice.

The Conservatives are set to announce plans for new financial rules at the party conference in Birmingham.

Whatever you think of the rights, wrongs or technical issues of the financial bail out plans in the US and elsewhere, one thing that the global financial crisis seems to be doing is restoring necessity, even an appetite, for nation states to take unlilateral action in their own interest. Recognising that leaving rescue plans in the hands of the bureaucratic EU could mean delayed action, wrangling

Tory leader David Cameron said today that everything necessary must be done to protect people's jobs, savings and mortgages as the financial crisis deepened.

Create the problem,Advise how to get rid of the problem, charge a shedload of fees for the advice- you cannot make it up ! The Treasury hired a swath of investment bankers for advice on how to stabilise the financial system and avert the collapse of more lenders. It also sought advice on how to help investment banks purge themselves of billions of pounds worth of bad debt on their balanace sheets....

Major public building projects are to be brought forward to provide employment for workers made redundant during the financial crisis under government plans.

AFP reports: The Palestinian Islamist movement Hamas which rules the Gaza Strip on Tuesday blamed what it called a “Jewish lobby” in the US for the global financial crisis. Hamas spokesman Fawzi Barhum said in a statement that the crisis was due to “bad administrative and financial management and a bad banking system put into place and

Even if they have a spectacular night on November 2, the Republicans are still going to have to deal with a Democrat in the White House. So the pledge from John Boehner, Republican leader in the House of Representatives, to repeal financial reform will come to nothing

Europe's top financial services policymaker has attacked 'unjustified criticisms' of plans for new rules to govern banks' capital levels following the financial crisis

Europe's top financial services policymaker attacks 'unjustified criticisms' of plans for new rules to govern banks' capital levels after the financial crisis