Representatives from 24 central banks and monetary authorities, including the US Federal Reserve and European Central Bank, landed in Sydney [Australia] to meet tomorrow [Feb 7th] at an undisclosed location. – Herald Sun1 — UPDATE: here's a re-post of the story with an embedded video
The heavy stuff always happens under cover of something like Super-Weekend, eh? But the blogosphere never sleeps 
Thanks for pointing me at this one, twist, I'd completely missed it with my own focus on Iqualoit.
It isn't every day the BIS sends up a flare like this. So the spectacle of G7 finance ministers contemplating the prospect of raw whale blubber on the frozen shores of Frobisher Bay was, after all, only theatre.
Turns out the real story was unfolding quietly on the other side of the world. Perhaps the MSM finally starting to cover the Agency Debt problem a few days ago was the last straw, but it's safe to go along with the Herald Sun's narrative, which is basically that the "World" crisis (which we'd all half forgotten by now) was in truth a lot more serious than we thought at the time.
"This does feel like '08 and '07 all over again whereby we had these sorts of little fires pop up and they are supposedly contained but in reality they are not quite contained," said H3 Global Advisers chief executive Andrew Kaleel.
"Dubai should have been an isolated incident and now we are seeing issues with Greece, Portugal and Spain."
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[1]: "World bankers meet in Sydney as recovery fears intensify", by George Lekakis and Fleur Leyden, Herald Sun, February 6, 2010.
