US 'casino' mentality blamed for planet's meltdown

Oct 01, 2008 09:00


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By ALAN CLENDENNING, AP Business Writer Tue Sep 30, 5:21 PM ET

Astounded by the U.S. government's failure to resolve the financial crisis threatening the foundations of the global free market, fingers of blame are pointing at America from around the planet.

Latin American leaders say the U.S. must quickly fix the financial crisis it created before the rest of the world's hard-won economic gains are lost.

"The managers of big business took huge risks out of greed," said President Oscar Arias of Costa Rica, whose economy is highly dependent on U.S. trade. "What happens in the United States will affect the entire world and, above all, small countries like ours."

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bailout, economy, ireland, banking, gold

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