**LIVE NOW** World leaders discuss G20 agreements (VIDEO FEED)

[jefferson_dem]

Link here - http://www.cbsnews.com/video/watch/?id=1n

[jefferson_dem]

1. Brown up now, talking of a global consensus to make sure economic challenges are properly dealt with

Six points follow.

1. New regulatory framework in place. End tax havens. Tough standards and sanctions. "Banking secrecy of the past must come to an end." ...

[jefferson_dem]

2. 2. Clean up the banks. Common global approach to deal with toxic assets.

3. Hasten global growth and recovery with stimulus and expansion.

[bdamomma]

3. the banks need to be cleaned up and out.

[avaistheone1]

4. Let hope these are not euphemisms for working class and the middle class cleaning up the mess while

transferring more wealth to the super rich.

[Aloha Spirit]

5. BBC reports terms of G20 agreement, just released:

http://news.bbc.co.uk/2/hi/business/7979483.stm

On behalf of the G20, Prime Minister Gordon Brown announced the following steps:

Bankers' pay and bonuses will be subject to stricter controls

A new Financial Stability Board will be set up to work with the IMF to ensure co-operation across borders and provide an early warning mechanism for the financial system

There will be greater regulation of hedge funds and credit ratings agencies

A common approach to cleaning up banks' toxic assets has been agreed

The world's poorest countries will receive $100bn extra aid

G20 countries are already implementing the biggest economic stimulus "the world has ever seen" - an injection of $5tn by the end of next year.