Soros: America must lead a rescue of emerging economies

FT Alphaville
....

The US must show the way in protecting the peripheral countries against a storm that has originated in the US, if it does not want to forfeit its claim to the leadership position. Even if Mr Bush does not share this point of view, it is to be hoped the next president will – but by then the damage will be much greater.

...Yeah, what he said... Soros is cool. Let's hope Obama offers him an important very senior post.