Financial Times FT.com

Why Washington’s rescue cannot end crisis story

By Martin Wolf

Published: February 26 2008 17:34 | Last updated: February 26 2008 17:34

Ingram Pinn Illustration

Last week’s column on the views of New York University’s Nouriel Roubini (February 20) evoked sharply contrasting responses: optimists argued he was ludicrously pessimistic; pessimists insisted he was ridiculously optimistic. I am closer to the optimists: the analysis suggested a highly plausible worst case scenario, not the single most likely outcome.

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