Thursday, October 9, 2008

Transforming the Bailout.

And here is an interesting article that, behind the narrative, gives a good summary of the process of injecting capital into banks.

There's a lot of doubt and questions raised in the article, as I presume is being done by most medias. But there is no precedent for this unraveling of the global economy and so there is no plan of reaction. Everything that would be done at a time like this will be full of questions. I think, at the very least, its good the US is willing to reconsider its plan of action and probably mimic the European tactic. Its about time we considered more than just our own opinion.

No comments: