Marketwatch ^ | 10:56 p.m. EDT March 22, 2009 | V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- Asian banking and financial shares were mostly higher Monday as investors awaited the release of a U.S. plan to stabilize the financial system, although hopes were laced with concerns that market intervention by Washington could spark inflation.The advance extended the market's strong performance last week, and as investors await U.S. Treasury Secretary Timothy Geithner's briefing to unveil details of the new plan, scheduled for 8:45 a.m. Eastern time. See details of coming Geithner briefing. A Wall Street Journal report late Sunday cited U.S. Treasury Secretary Timothy Geithner as saying that the only way to resolve the...
"How do you integrate individual countries into one big world system? Well, first you have to drop national laws that impede global growth in finance, economics, trade, customs, transportation, etc. This has been done."