A few thoughts and observations on the big G-20 wingding here in Washington:
1)The financial footprint of this hastily-called meeting will be far less than the carbon footprint.
2) The best thing that could come out of it would be a joint statement that was as ringing in its defense of free markets and free trade as was the speech yesterday by President Bush.
3) This meeting show s outsized sense of self-importance by France and perhaps the entire EU. What could possibily be achieved in terms of a new Bretton Woods without the attendence of the next U.S. president and the contribution of China, which probably will not sign onto any new intrusive regulatory framework.

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jan 8:45PM April 05, 2009
W C Lestina of 11:47AM November 17, 2008