Getting ugly out there for white blue-eyed bankers.
From the Times.
Gordon Brown’s efforts to smooth a path to international agreement at next week’s G20 summit in London hit a bump in Brazil yesterday when he was told that the financial crisis was the fault of the “white and blue-eyed”.
President Lula da Silva of Brazil warned that there would be spicy discussions and “tough confrontation” next Wednesday as world leaders faced up to who should pay the costs of the banking crisis.
As Mr Brown looked on during a press conference, Mr Lula da Silva said that action was urgent since it would be intolerable for the poor — who were blameless for the collapse of financial markets — to suffer the most from its effects.