Saturday, September 20, 2008

Steven Pearlstein - Tossing Aside History, Conventions and a Few Cliches - washingtonpost.com



"Tossing Aside History, Conventions and a Few Cliches: "Now U.S. taxpayers have been asked to come to the aid of banks and financial institutions that, while nominally American, have long since become global players. Meanwhile, foreign banks and investors are also benefiting significantly from the U.S. government initiatives. While that is the burden that comes with being the world's leading economic power, it raises the question of whether some of the costs and risks of our trillion-dollar rescue should be shared with other countries, through the International Monetary Fund."

[Read More:Steven Pearlstein - Tossing Aside History, Conventions and a Few Cliches - washingtonpost.com]