So much for the IMF

July 31, 2010
By Ken Worsley

‎”(There is) a growing recognition that the dispersion of credit risks to a broader and more diverse group of investors…has helped make the banking and wider financial system more resilient. The improved resilience may be seen in fewer bank failures and more consistent credit provision.”
From the IMF’s (shortsighted) Global Financial Stability Review, April 2006

What rough beast slouches next to Washington to be bailed out?

Filed Under Finance, Fiscal Policy