The meeting took place after a frenzied week of state intervention to rescue faltering banks in Germany, Belgium, the Netherlands and Britain.
As a show of market power, the joint intervention to rescue the euro seems not to have much impressed its audience.
But presidential intervention to rescue the Chinese company could also be seen as undercutting the Commerce Department's authority to enforce trade controls.
No unions to force pay and conditions, no state intervention to rescue an industry in crisis – who'd be a truck driver?
And he invoked President Franklin D. Roosevelt's New Deal as an example of the measured use of government intervention to rescue a country from economic depression.
The deal was announced just a day after the president of Argentina's central bank, Nicolás Caputo, resigned unexpectedly, reportedly after disagreements with the IMF's guideline limiting the bank's future intervention to rescue the peso.
The trickier question is whether their role in safeguarding financial stability has been counter-productive; too much intervention to rescue financial markets led to an increase in risk-taking, and thus contributed to the crash of 2007-08.
Manipur: The Manipur People Party MPPP) is seeking the central government's intervention to rescue the people of Manipur from a "life-threatening economic blockade" on the two highways connecting Manipur to the rest of the country (Nagaland Post).
A country will find it easier to contemplate the death of its young soldiers if they are going to help a familiar, nearby people than if they are being sent to fight in some murkily remote corner of the world (compare a western intervention to rescue refugees from a disintegrating Algeria with, say, an expedition to free Irian Jaya from Jakarta's rule).
Suddenly, ideological purity will vanish--just recall laissez-faire proselytizers, and beneficiaries, Henry Paulson and George W. Bush pleading for $700B government intervention to rescue the banks (and do not forget the original proposal that there could never be any oversight or any accounting as to how that money was spent!).
