Bank bailouts don't avert recession
Oct 15 - British Prime Minister Gordon Brown said the International Monetary Fund must be reshaped to help regulate the world's financial system and avoid a repeat of the global credit crisis.
Brown was speaking ahead of a summit meeting of EU leaders. The summit comes as countries around the world pledge funds to bail out banks ailing banks. But though the banking crisis may have been averted - recession has not.
Stefanie Mcintyre reports.
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