Update 2009: The New Economic Era
Justin Yifu Lin, Trevor Manuel, Stephen S. Roach, Ferit F. Sahenk, Heizo Takenaka with Michael Elliott

As they speak about the world crisis focussing on what ought to be done, Heizo Takenaka made the smartest comment.  He says that capital injection is not enough – what is required is accurate assessment of asset values.

This comment is deep and meaningful – the crisis of confidence that persists and has frozen money markets has at its core the inability to value the assets being traded, nor the institutions performing the trades, the banks.  We just have to look at the frustrating exercise between the British government and the british banks who have been almost reduced to zero value on the LSE.