A conversation with Neel Kashkari, the former head of TARP and now head analyst with PIMCO, on what Europe can learn from the U.S.'s own financial storm.
If yesterday was all about Greece, today belongs to Spain. Concern about Spanish banks has pushed the government's borrowing costs over 7 percent. That's a level that pushed other smaller European countries — like Greece — over the edge.
Greece manages to stay in the eurozone for now, but it is clear that European central banks can't handle too many more bailouts for countries like Spain.