President Bush announced to hold a world summit on the credit crisis soon. The announcement was made with mr. Sakozy (president of France) and mr Barroso (Top of Europian commission) at Camp David.

The summit should focus on how to prevent another financial crisis in the banking world like there is now with credit crisis. The french president called for an overhaul of the current worldwide fininacial system. But the US indicated that they will not create any new policies in Camp David.

The last few weeks there have been sveral meetings about the current credit crisis and goverments around the world have aided there finicancial world with multi billions of injections in banking and financial companies. But dispite the money pumped into the market the stock prices keep dropping and last friday the Dowjones closed at 8852 and the Nadaq was down to 1711.

President Bush keeps the spirit high as he said in his latest radio talk that he expects the economy to bounce back…

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