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We Have the Tools to Manage the Crisis

Wall Street Journal Original article ›

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Paul Volcker's words of reassurance that the basic structures are now in place or in the process of being set up including coordinated international action to deal with the global financial crisis. But the markets are looking for confidence and immediate injections of capital and for the government to mitigate risk so that financial institutions lend to one another. And this experts like Reinhart a former Federal Reserve official say is missing as Paulson and Trichet made assurances that action is on its way after the G-7 meeting in Washington, but would not say when, except as Trichet suggested to "keep one's composure".


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