Subject: G20 Memo
From: Daniel Tarullo <[email-masked]>
To: [email-masked], josh steiner <[email-masked]>, [email-masked]
Date: Sat, 1 Nov 2008 10:13:31 -0700 (PDT)

Attached is a draft of a memo to BO on the G20 Meeting issue.  Even though there is unanimity for the proposition that attendance would be ill-advised, the delicacy of our response to a possible invitation became even more clear in my conversations with Rubin and Volcker, as well as in a subsequent discussion with Josh.  Rubin, for example, read Treasury's public announcement that it was reserving space for the President-elect's transition team as an indication of the risk of appearing uninvolved/uncooperative that may be posed -- with respect to the G20 meeting and more generally.
 
Thus the range of options, and potential disagreement on them, may be a bit wider than we discussed in our call yesterday -  eg, whether we should try to head off an invitation, whether it is prudent to send an advisor to the meeting.  It seemed to me that we might usefully discuss these issues among ourselves before crafting the options.  This draft simply lists possible options, without elaboration or discussion.
 
If John and Bill think a discussion makes sense, Josh and I are both available anytime between 4:30 and 7:30 today, and tomorrow morning. If not, I can go ahead and elaborate the options on my own, though I suspect we would then need a discussion on that later draft.