Was up late waitng to feed baby his bottle and happen to flick over to lateline on ABC where Tony was interviewing Paul Keating on 'world economic crisis.' For those Netriders too young to remember, Keating was ex treasurer and Prime minister of Oz. Love or hate him, they dont hand of keys to the countries safe and cashola to a total eejut and same goes for PM :-k although George W kinda debunks that theory but prig didnt even win on votes anyways-but thats another kettle of fish. Keating shall forever be remembered for his remark "This is the recession we had to have". He was captain at the helm during the 80's when interest rates reached 17-18%. Despite whether you love or hate him, he isnt an idiot and is a very well connected man with more credible sources of information to draw upon than most. This interview on lateline last night was first time Iv'e had the 'World economic crisis' explained in terms and implications that laymen like mwah could understand and it aint good :? With statements like the worlds top 200 financial institutions have lost 74% of their wealth, wiped out Well most of it never really existed in first place and there was part of problem. Finally someone called in the debt and bluff and States was left with a poker face and creppy hand according to him. Judge for yourself. http://www.abc.net.au/lateline/ Scroll down to story on right hand side just under 'justice kirby retires'