I just heard that Tim Geithner is on his way to Europe to tell them how to fix their financial problems!!!!!!!!!!!!!!!!
Excuse me while I laugh. Long, long, LONG pause here!!!
I would have to say that any financial advice that the US gives to Europe or ANYONE should be soundly IGNORED!!! In fact if ANY US banker gave ANY advice, my advice would be to do the opposite.
Because obviously we are in no position to advise anyone - unless it is someone who is looking to commit financial suicide.
We don't have the slightest idea of how to manage anything, not banking, exporting, importing, our air or water pollution, or virtually anything to do with running or operating a country, as we have proved by ruining our own country. So my advice is if you want advice, go elsewhere.
(For political people, my comments apply equally to Democrats and Republicans - no maybe more to Republicans, it was them more than the Democrats responsible for the raping of the American Financial System, which caused our present finacial collapse.)