CNN who likes to think it is always on top of every important issue and brags that it relishes asking 'tough questions" of politicians have had nothing whatsoever to say about the outrageous actions taken by Gordon Brown and Alistair Darling in respect to the international banking crisis, in general, and the situation with Iceland, in particular.

In early October when Iceland nationalized its two biggest banks, Landisbanki and Kaupthing, UK depositors with savings in those banks were adversely effected. Initially, the finance minister of Iceland assured Brown and Darling that Iceland would guarantee 100% of savings in Iceland banks including the deposits of UK citizens. A day later, the Prime Minister of Iceland repudiated the guarantee and is said to have commented that "Iceland has no intention of honoring the guarantee."

Gordon Brown responded impetuously by invoking some arcane UK anti-terrorist law that allowed him to declare Iceland a state sponsor of terrorism and, thus, "freeze" the assets of Icelandic companies in the UK.

What Brown froze or seized was not the property or 'assets' of Iceland companies unless the term 'assets' is viewed narrowly in an accounting parlance or context. What was seized was the savings of ordinary people like me whose life savings, in many instances, were deposited in Kaupthing Singer Friedlander Bank in the Isle of Man and in Kaupthing Bank UK.

Essentially, what has occurred is that Brown has improperly used an irrelevant and spurious law to misappropriate the deposits and/or savings of one group to reimburse the losses of another.

How can this kind of action go un-investigated and un-reported by a distinguished news organization like CNN? You are a UK-trained barrister or solicitor, perhaps you can explain by what element of fairness or justice one man may unilaterally and arbitrarily appropriate the property of one man to recompense another irrespective of the nationalities of the persons and/or nations involved. How can Brown's criminal behavior be allowed to stand under UK and International law?

But this shriek of “something must be done” is a bit disingenuous. It is 12 months since the credit markets first seized up, and we are only now getting macro economic policy responses on a co-ordinated scale.

Better late than never — but let’s hope it’s not too late.

Let's hope, indeed. It looks as though it is too late.

'Something must be done' is almost immediately followed with the calling of meetings, and much talk. So far, we're true to form.

It looks simple but who am I. It is just a thought.

Free markets will never ever be able to regulate themselves that is now proven beyond any doubt, just as to much regulations will kill creativity.

After careful concideration that leads me to believe that they (capitalism and plane economy) are both fundamentaly flawed!

just as evolution in nature develops “new models” in order for species to survive and stay strong, we need something to replace what has proven to be broken and not working. It is time for something new!

Tobias, Sweden