World Bank chief hits out at 'typical' US over $700bn bail-out

Zoellick says by moving “beyond individual interventions to this bigger step”, the US may create what he calls a “real liquidity crisis”. Speaking on Channel 4 News last night, Zoellick described the current financial turmoil as the “most dramatic in my time” and issued a warning about its effects on the economies of developing countries. US President George Bush, Treasury Secretary Henry Paulson and US Federal Reserve Chief Ben Bernanke have all urged politicians to “act quickly” to support the proposed $700bn (£378bn) bail-out of the financial markets. Bernanke said the US economy ris...