Friday, May 14, 2010

The Second Debt Storm

http://finance.yahoo.com/banking-budgeting/article/109547/the-second-debt-storm?mod=bb-budgeting&sec=topStories&pos=4&asset=&ccode=

Oh look someone finally asked the $64,000 question.
And the world's taxpayers seems to be the answer

Who will bail out the countries that bailed out the world's corporations?


The financial crisis never really went away.

The debt mountain that brought down some of the world's biggest banks and dragged the international financial system to the brink of disaster has simply shifted to governments. Now, it's threatening countries around the globe and if left unchecked could rip the very fabric of Europe's economic system and wreck economic recoveries in the U.S., China and Latin America