Welcome to the New Deal II

EU leaders back sweeping financial regulations - World business- msnbc.com: "European leaders this time backed Merkel's call for a 'charter of sustainable economic activity' to reduce economic imbalances and stabilize financial markets.
The charter would subject all financial market activities around the globe to regulation, including credit rating agencies. Merkel said the charter would be 'based on market forces but prevent excess and ultimately lead to the establishment of a global governance structure.'"

The leaders also agreed to strengthen the IMF and to support doubling its funds. British Prime Minister Gordon Brown said that international institutions need some $500 billion and called for a "global New Deal" to be adopted to help right the world economy.

Kum Ba Ya ... drink some cool aid people!