Monday, February 09, 2009

Bailing Out the Bailouters

We're running out of buckets to bail with.

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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