Monday, October 13, 2008

Europe to U.S.: You messed up the rescue, too

The plans for a massive bank bailout by European governments differ strikingly from the U.S. approach.

First you mess up the world's financial system. Then you blow the rescue of it. Now let's show you how to do it properly.

That, in a nutshell, is the less-than-flattering message European governments are sending to the U.S. as they mount their own gigantic bank bailout.



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