The prime minister had a message for the financial markets and for voters.
That's absolutely on the table and it's clear for markets and for voters to see.
What purpose does a synthetic C.D.O., which contains no actual mortgage bonds, serve for the capital markets, and for society?
They are prized for adding stability to portfolios, for being uncorrelated with mainstream markets and for minimising risk through diversification.
Ms. Lea said that saying so now would "provide much-needed stability for financial markets and for business".
Despite the setbacks for emerging markets and for his funds, Mr. Mobius is cautiously predicting a new growth phase.
He is best known for making huge and very successful speculative bets in currency markets, and for his extensive philanthropy, most notably in countries of Eastern Europe.
"Action by the Congress is urgently required to stabilize the situation and avert what otherwise could be very serious consequences for our financial markets and for our economy".
Instead, companies had to develop new products for new markets, and for that, workers unafraid to question authority or take initiative were essential.
"Take away the flights and it would be really inconvenient for local businesses to get to other markets and for those who want to do business here," he said.
The agency came under fierce attack after the financial crisis of 2007-8 failingling to uncover fraudulent activity in the mortgage securities markets and for missing chances to halt the Ponzi scheme operated by Bernard L. Madoff.
