Skip navigation


Current DateTime: 01:47:43 29 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


Current DateTime: 01:47:44 29 Nov 2009
LinksList Documentid: 33793611
  • How Well Do You Know Your Bird?

      Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.

  • A Healthier & Wealthier You

      Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?


Current DateTime: 01:47:44 29 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
By: JeeYeon Park, News Associate | 09 Sep 2008 | 02:29 PM ET
Text Size

Global financial leaders have convened for a conference at the University of Virginia, hoping to design a blueprint for solving shared economic problems—such as the subprime mortgage crisis and rising fuel and food costs.

Watch the videos below for interviews with conference attendees by CNBC Senior Economics Reporter Steve Liesman.

International Economy

“I think [the take over of Freddie Mac and Fannie Mae] was a very important move and it was probably necessary to calm down the markets. It also opens some questions for the future—what will the U.S. authorities are going to do with Fannie [FNM  Loading...      ()   ] and Freddie [FRE  Loading...      ()   ]. We hope that these decisions will be followed by changes in the regulation.”

—Rodrigo de Rato, former Spanish Minister of Finance

“The U.S. economy is so large that the impact of the problems is felt around the world—not just in the financial system, but in the real economy as well. And the fear that everybody had was that without a resolution, of Fannie and Freddie, the U.S. housing market was going to further weaken and that has deep implications for the real economy.”

—John Manley, former Canadian Finance Minister

“The best regime is one that allows market forces, not ministers setting the exchange rates of currencies. And it’s proving out right now. Because the one source of growth in the United States economy today is exports. And there’s been a commentary about “will we have a dollar crisis?” But I think the response to that is: think of the crisis we’d have if the dollar wasn’t performing its role.”

—John Snow, Chairman of Cerberus capital Management and Former Treasury Secretary

The Global Economy

“Our biggest problem is that some of our trading partners have a weak economy and therefore our exports also begin to weaken. And the second problem is that the domestic demand, especially private consumption, is low. This means that the incomes are low too.”

—Hans Eichel, former German Minister of Finance

“Europe is made of very different countries—there are countries with high leverage, high private debt, such as Spain or England, where the situation is probably worse or difficult for homeowners. But for countries like Italy with less leverage, the situation is a bit better. All in all however, we’re headed for zero-growth which is a problem.”

—Domenico Siniscalo, former Italian Minister of Finance and Morgan Stanley International Vice Chairman

© 2009 CNBC.com
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • These four sectors will be the next to lead the market.
  • Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
  • T shirt man
  • From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
  • It may be the most unusual guide to business you'll read.
  • Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
  • "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
ADD COMMENTS
Remaining characters


Current DateTime: 01:04:03 29 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:06:46 29 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:06:46 29 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:00:33 29 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters