Asia Times on Bailout Dangers

[BraneMatter]

Asia Times reporters Hossein Askari and Noureddine Krichene disect the Paulson bailout plan and conclude it's dangerous for the U.S. and the world economy:

Paulson plan throws oil on fire
By Hossein Askari and Noureddine Krichene

With the creation of the so called Mortgage and Financial Institutions Trust (MFI), the unfolding financial crisis, considered by many to be the worst in over 60 years, has become ever-more dangerous.

While such an institution has not existed in any country, the MFI could prove to be disastrous for US public finance, economic growth, the dollar, relations with major foreign holders of dollars, the global financial system, and could ignite the worst inflation in the economic history of the United States and reverse globalization to levels not seen since the Great Depression. -- MORE

[BraneMatter]

1. This really is...

worth reading.