Financial Times FT.com

A Sisyphean task fit for Herculean policymakers

By Gillian Tett

Published: April 2 2009 03:00 | Last updated: April 2 2009 03:00

As global leaders gather in London today, they might be forgiven for feeling caught in a Sisyphean situation. Time and again over the past two years, bureaucrats and bankers have tried to halt the financial crisis by unveiling measures to write off toxic assets - and make the banks healthy again.

Yet almost every time they have laboriously rolled the toxic asset boulder up the hill, it has come crashing down again.

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