Chancellor Angela Merkel has revived Germany's campaign of a year ago for global regulation of financial markets to prevent another crash like the past week's. [She] criticized the US and British governments for obstructing Germany's efforts in the first half of 2007 to bring greater transparency to the markets.
Yep, it is "We told you so"-time again.
• Germany's state-owned KfW lender is called the 'dumbest' bank for transferring 300 million euro to Lehman Brothers on the same day it declared insolvency, reports the IHT.
• SuperFrenchie concludes from the US response to the market turmoil: The United Socialist States of America (USSA)