2011-01-10 WikiLeaks in today's media: Cablegate coverage

Le Monde: WikiLeaks dévoile aussi comment fut gérée la crise bancaire (WikiLeaks reveals as well how the banking crisis was handled)

A U.S. diplomatic cable in which figure Mervyn King, chairman of the Bank of England, Robert Kimmitt, then U.S. deputy treasury secretary, and Robert Tuttle, U.S. ambassador to Britain, has been released by WikiLeaks. It shows the players agreeing, March 17, 2008, on a diagnosis of the crisis, one that they admit ceased, from summer 2007, to be a liquidity crisis and that became instead a solvency crisis generalized within the banking sector. Although a view widely shared by commentators in the financial press at the time, it will reverse the diagnosis that these players have chosen to present to the public, a position from which they have never departed.

Cable

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