Below are some comments on today’s plea from the Washington Post Editorial Board for more money for the International Monetary fund.
|By: Mark Weisbrot Thursday June 11, 2009 7:50 am|
|By: Mark Weisbrot Monday June 8, 2009 12:15 pm|
The bailout of private banks and financial institutions has become a touchy political issue in the United States, ever since President Bush’s Treasury Secretary and former Goldman Sachs CEO Hank Paulson asked Congress for a $700 billion dollar blank check last September.
Now the Obama administration is asking the Congress for $108 billion for the International Monetary Fund. What is all this money for? There is an answer staring us in the face from the financial press: European banks.