Bailout for Bankers, Sellout for Taxpayers

In an IHT article, Paul Krugman, Op-Ed writer for The New York Times and professor of Economics and International Affairs at Princeton University, dissects in a succinct way the unprecedented financial crisis, which he sees as unfolding in four steps, and comments on the pitfalls of Henry Paulson’s US$700 billion bailout plan.

“Well, it might - might - b…