Does The Bailout Pass The Smell Test?

It is unclear how the bailout will play out.  The monies for the US bailout will have to be borrowed abroad or printed.  If foreign central banks need their dollar reserves in order to bail out their own banks that are polluted with toxic US financial instruments, the US Treasury might not have an easy time in the debt market. Moreover, the interest expense on an additional borrowed $700 billion will raise the US current account deficit and burden US taxpayers with higher interest payments.  If the money has to be printed, inflation and dollar devaluation will depress living standards for most Americans.  FULL ARTICLE