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Bush, foreign allies seek to calm panicked investors

WASHINGTON - President Bush and foreign financial officials staged repeated displays of joint resolve Saturday to combat an unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.

Yet there was no concrete offer of new moves when Bush spoke on a Rose Garden stage just after daybreak, flanked by representatives from nearly a dozen of the world's richest nations and international organizations.

None was expected later in the evening, either, from Bush's appearance at a meeting of the world's richest countries and fastest growing. That session was held at the headquarters of the International Monetary Fund, blocks from the White House.

The global crisis dominated discussions at the annual meetings of the IMF and World Bank over the weekend. The 185-nation IMF strongly endorsed the G-7 plan to do everything possible to protect the financial system and get credit flowing again   Read Full Article...