On a knife edge

The failure of Washington Mutual is a preview of what might be in store for the US financial system if politicians can't agree on a bailout package.

The failure of Washington Mutual – the largest bank failure in US history by a very large measure – demonstrates that the US financial system, and probably the global system, is now balanced on a knife edge, with presidential hopeful John McCain apparently, and unwittingly, doing his best to topple it.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles