Mubarak: Too Big To Fail?

by Zoe Pollock

John Defterios wonders:

["Black Swan," author Nassim] Taleb says the U.S. government made the same mistake with Mubarak that it has done with its large scale banks. It has funded him since the peace accord with Israel, so much so that he became too big to fail, and the only choice now left is to bail him out against the will of Egyptians themselves. This may buy some time, but similar to the massive exposure of a Lehman Brothers, Mubarak may very well turn out to be the next black swan.