Monday, February 09, 2009

Bailing Out the Bailouters


We're running out of buckets to bail with.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4560897/IMF-may-run-out-of-cash-to-fight-crisis-in-six-months-Strauss-Khan-warns.html

Dominique Strauss-Kahn said the [International Monetary] Fund needed an urgent cash infusion if it was to continue bailing out troubled economies in the future. Mr Strauss-Kahn also indicated that the world's advanced economies were now tipping from recession into full-blown depression, cementing fears about the scale of the economic slump in rich nations.


(end of post; ignore continue reading statement below)

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