![wsj.com: [US President George W. Bush, Federal Reserve Ben Bernanke (L), US Treasury Secretary Henry Paulson (2nd L), and Brazil's Finance Minister Guido Mantega take part in a G20 Session at the IMF October 11, 2008 in Washington, DC. ]](http://www.newstin.com/image.a?id=7769974.jpg)
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Commitment, Short on Specifics, Is Aimed at Boosting Confidence WASHINGTON -- National governments around the world have agreed to do what is necessary to prevent another major financial institution from failing, the International Monetary Fund's managing director said, although he didn't specify any measures. During weekend meetings, the IMF's 185 member nations endorsed an earlier commitment by the leading industrial nations to "use all available tools" to prevent the failure of "systemically important" financial institutions. Essentially that meant "no one is going to let an important financial institution fail," said the IMF chief, Dominique Strauss-Kahn. "It can be done in different ways, depending on different countries...But the fact that all the governments are now committed to do that is a very, very strong... [read full story]
