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Five Points

Posted by
MadScientist (Düsseldorf, Germany) on 13 October 2008 in Sport & Recreation.

G7's to-do list won't save the world. Let's grey out the catchwords:

1. Take decisive action and use all available tools to support systemically important financial institutions and prevent their failure. (Means: pump money into the markets.)

2. Take all necessary steps to unfreeze credit and money markets and ensure that banks and other financial institutions have broad access to liquidity and funding. (Means: pump more money into the markets.)

3. Ensure that our banks and other major financial intermediaries, as needed, can raise capital from public as well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses. (Means: we need money, no matter where it comes from. Then pump it into the markets.)

4. Ensure that our respective national deposit insurance and guarantee programs are robust and consistent so that our retail depositors will continue to have confidence in the safety of their deposits. (Means: ... - you got it.)

5. Take action, where appropriate, to restart the secondary markets for mortgages and other securitized assets. Accurate valuation and transparent disclosure of assets and consistent implementation of high quality accounting standards are necessary. (Means: after pumping money for satisfying the biggest criminals we have to take care for the smaller ones.)

Hey, they absolutely don't have an idea!

Linerberry from Sumner, Christchurch, New Zealand

Wonderful image and interesting five points:-) I love the redness of the water:-)

13 Oct 2008 6:34am

@Linerberry: We had some quite breathtaking sunsets last week.

akarui from Kagoshima, Japan

Beautiful colors and silhouettes. Well done.

13 Oct 2008 7:08am

@akarui: Thanks a lot!

Margie from Auckland, New Zealand

I prefer the photographic 5 points...
Really nice shot!

13 Oct 2008 7:27am

@Margie: Thank you, Margie!

Laurie from New Jersey, United States

Clever presentation. Nicely done.

It will be an interesting ride that is for certain.

13 Oct 2008 11:05am

@Laurie: Through wild waters...

JoeB from Brampton, Canada

The light touch of day makes for a wonderful silhoutte. At least the five rowers have a plan and will reach their destination. These Neo-Conservatives they sure make quick left turns.

13 Oct 2008 3:46pm

@JoeB: Neocons and especially Neolibs will sink that boat. That could be even funny if we were only spectators, but unfortunately we're the passengers.

Nerise from Ellisras, South Africa

Nice shot, beautiful colours and nice compotition with some space infront of the boat

13 Oct 2008 3:56pm

@Nerise: Thanks very much, Nerise!

dj.tigersprout from San Bruno, CA, United States

just lovely - this has a dreamlike quality to it -- i love the slight golden hue!

13 Oct 2008 7:24pm

@dj.tigersprout: Thanks, dj! We had some spectacular sunsets last week. Although there is some apocalyptic mood when the whole sky colours red, I like these tones a lot.

Evelyne Dubos from Le Mans, France

A simple but very beautiful composition with this silhouette of boat & its 5 rowers on the colored water.

13 Oct 2008 8:56pm

@Evelyne Dubos: Thanks very much, Evelyne!

Twelvebit from Victoria, United States

I agree, they're clueless, and desperate, but that just makes them dangerous.

13 Oct 2008 10:05pm

@Twelvebit: So it is.

Jen from Alpharetta, United States

Beautiful shot...not sure about the rest

14 Oct 2008 12:03am

@Jen: Me not either! Thanks, Jen!

Michael Skorulski from Cigel, Slovakia

Excellent warm light in this appealing image.

14 Oct 2008 2:30am

@Michael Skorulski: Thanks, Michael!

Laurent from Lyon, France

beautiful light and a minimalist composition like I like

14 Oct 2008 4:47am

@Laurent: Thanks a lot, Laurent!

Eleftheria! from Athens, Greece

Great silhouettes!

14 Oct 2008 12:26pm

@Eleftheria!: Thank you so much, Eleftheria!

Ross Collins from Wellington, New Zealand


20 Oct 2008 11:10pm

@Ross Collins: Thank you, Ross!