A few weeks ago, it seemed the financial crisis wouldn’t spin completely out of control. The government knew what it was doing – at least the economic experts were saying so – and the Treasury had taken a stand against saving failing firms, letting Lehman Brothers file for bankruptcy.
But since then we’ve had the rescue of the insurance giant AIG, the arranged sale of failing banks and we’ll soon see, in one form or another, the biggest taxpayer bailout of Wall Street in history.
It seems clear that no one really knows what is coming next. Why?
Continue reading at IHT, thanks Dave for the whistle!