Rethink The Asian Bailout
Americans gassing up at $1 a gallon and living the good life may not yet have noticed, but a financial fire is burning through Asia. Its intense heat is scorching Russia and Latin America. The U.S. is already feeling the effects. Profits and pricing power for American corporations are under pressure from the crisis, and this threatens the strength of the stock market. This wasn't supposed to happen. A year ago, the International Monetary Fund and the U.S. Treasury mounted massive bailouts and promised results. What went wrong?
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