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11-15-2008, 01:37 AM #1
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Will Summit Lead to Mother of All Bailouts?
Will Summit Lead to Mother of All Bailouts?
Friday, November 14, 2008 8:34 PM
By: Dave Eberhart
Amid a withering global economy, leaders of the world’s 20 largest industrial and emerging economies are set to meet in Washington, D.C., on Saturday. But President-elect Barack Obama will stay far from the fray.
Obama will send only a team of surrogates to the G-20 economic summit. The event will be largely focused on the worldwide financial meltdown and fears of a looming depression, according to experts.
While some global finance experts say the summit could marginally benefit from a show of leadership from Obama, few are surprised the incoming president is avoiding the painful conference.
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