U.S. Federal Reserve Chairman Ben Bernanke, European
Central Bank President Jean-Claude Trichet, and former
central bank officials and head economists all met in Jackson Hole,
Wyoming over the weekend, one year after the start of the financial
crisis that has led to more than $500 billion in losses and writedowns,
to discuss how to prevent such a collapse from reoccurring.
Unfortunately, it seems that an agreement could not be made on how to
do so.
As noted in a speech at the end of the two-day conference, "it
didn't settle a whole lot," Bank of Israel Governor Stanley
Fischer said.
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