Timothy Geithner was recently ranting about financial reforms and the current state of global finance

when the current reality is probably more like the following and I quote:

"The only financial reform that would work is the nationaliz­ation of the banks China style so instead of playing to create e-money for themselves with complex financial instrument­s, they would create credit for people and infrastruc­ture projects. The difference between China and our models basically this: a Chinese elsewhere in the world gets credit, a westerner without dynastic or corporat­e connection­s doesn't. So Chinese private entreprene­urs grow 10% a year their country."

Of course there are other factors at play but this pretty much sums up the situation-I dare someone to disprove.icon_twisted.gif