DSK proposes "action plan" for crunch

Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), on Friday urged governments to guarantee retail, interbank and money-market deposits.

"The fragility of public confidence has reached a point where some explicit public guarantee of financial system liabilities is unavoidable," Strauss-Kahn said. "Of course, such a step should be temporary, and include safeguards such as heightened supervision and limits on deposit rates offered.

The measure was one of fou

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