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 G7 Pileup - Air Force One Press Gaggle by Dana Perino 10/10/08 — Friday, October 10, 2008 —  Q What is -- what's the President hoping to achieve with the ministers' meeting tomorrow, with the G7 meeting?MS. PERINO: Well, we have been keeping you regularly updated on all the calls and coordination amongst the G7 countries and beyond, because as we said this morning, the President spoke to Prime Minister Rudd, I expect he spoke to President Lula earlier this week, amongst others. The G7 has been working together on a variety of things: sharing information, finding common areas where they can work together on instituting rescues that will address their individual nation's needs, as well as what we need to do as a whole, since we are all so interconnected. So today's meeting at the Treasury Department will allow them to meet face to face, maybe dot some "I's," cross some "T's," and then tomorrow morning the President will have a chance to meet with them. I'm going to let that meeting take place, but I will tell you that the goal of the meeting overall is to continue the good communication and cooperative spirit of trying to find common solutions, while respecting the fact that each nation has individual problems and challenges and needs and ways to address them. Q Dana, has anyone at the White House spoken to Berlusconi or any of his aides about his proposal to close global markets? MS. PERINO: I don't know if you saw an update, but it was retracted. Q Did you guys talk to him about retracting -- MS. PERINO: No, I don't think so. I think that it all happened so fast it was -- Q It wasn't like the White House asked him to retract that or anything like that? MS. PERINO: Not that I'm aware of. I just saw a news report as it came across. I don't know of any of us -- I wasn't involved at all. Q What about the idea of guaranteeing some of the bad debt at the banks? MS. PERINO: This is one of the ideas that Gordon Brown has put forward. What we have said is that with any proposal that's put forward by one of our global partners, that we'll take a look at it and we will review it, but beyond that I don't have any comment on it. Q What about insuring all deposits temporarily at U.S. banks? MS. PERINO: All of those things are questions that the policymakers can take up and think about, discuss. And then once we have -- if we have a decision about moving forward on any of those issues, it will either come out of the Treasury Department or we'll keep you updated. Air Force One | Dana Perino | Economy | G7 | President Bush | Press Gaggle | Treasury Department | Wall Street | White House Press Corps Labels: Air Force One, Dana Perino, Economy, G7, President Bush, Press Gaggle, Treasury Department, Wall Street, White House Press Corps
Posted by White House Press Corps @ 5:13 PM
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