The G20 leader are wrong to blame reckless private banks for this credit crisis, says Martin Hutchinson. They were allowed to disregard risks by an overly accommodative monetary policy. Martin says this error means the focus of imminent new bank regulation will miss the key issues.

This from Money Morning:

The gathering of 20 largest industrial countries in Washington this past weekend – billed as a crucial G20 summit – turned out to be a rather dull scrum.

There were promises of a coordinated approach to bank regulation, additional economic stimulus packages, and increased allocations for the International Monetary Fund (IMF) –one of the five “aftershock-investing” opportunities Money Morning has counseled readers to watch for. But none of the G20 meeting proposals seemed even remotely likely to make a difference in the here and now.

Even so, when you consider the kind of mischief the world’s 20

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At "A Dash" we join many others in closely following David Merkel's work on The Aleph Blog, one of our featured sites since its inception.  David covers a variety of interesting subjects.  He is authoritative on some and inquisitive on others, and he knows the difference. Today he cites a Bloomberg article pointing out the failure of candidates to speak out on the credit crisis.  Rich Miller writes as follows: The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to Barack Obama or John McCain.

While both candidates have bemoaned the ravages of the subprime crisis, they have yet to spell out

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