Financial crisis goes global

Here's the Register's editorial on the now-global financial crisis. We argue that governments especially the U.S. government, have done too much already, and the G-7 leaders meeting this weekend would be well-advised to rub their chins thoughtfully and do nothing substantive. So far it looks as if that's just what they're doing.

I'm more convinced than ever that Paulsen and Bernanke aggravated the crisis by yelling that the sky was falling.