Financial Transparency Coalition

The Group of Eight* (G8) summit commenced yesterday amongst the rubble of the devastated Italian town, L’Aquila, which had been crushed by the Abruzzo earthquake on April 6th. Images of the leaders from the world’s eight biggest economies convening amongst smashed buildings provide a fitting metaphor for the world’s still caving economy. Unfortunately, it seems my brilliant solution—closing my eyes tightly and violently shaking my head—has not made it all go away. Much like devastating effects of the Abruzzo earthquake, the world’s economy continues to crumble, exposing the fault lines in our global financial system, which were easy...