The Labour Party is pushing for a levy on the payday industry to fund credit unions.
The GCC countries most reliant on foreign financing to fund credit expansion, such as the UAE, are suffering the sharpest effects.
The plant is to be funded with credit provided by the Indian government.
The funds have never held Greek bank debt, which rarely met the funds' credit rating standards.
There was a broad run on money market funds; credit markets froze.
GE Financial Network already offers insurance, mutual funds, credit cards, home mortgages and other financial services.
Sometimes banks pull funds' credit lines and managers are forced to shut down.
The government pumped stimulus money into the economy during 2009, and took advantage of an International Monetary Fund credit line that reassured investors.
Business news became front page news with "hedge funds", "credit crunch", "sub-prime", "CDOs", "Ponzi scheme" and even "Libor" working their way through the Today programme on Radio 4 and into dinner party conversations.
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
Its participants included many of the world's largest and most prestigious banks, insurance companies, hedge funds, credit raters, law firms and accounting firms.
