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...these bonds that the government's aggregator bank will have to deal with first. In a November survey officers at the nation's largest banks said CDOs were among the assets they would most like to sell should the government begin buying troubled bonds...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

...criticisms, however, it is important to take note that Tsvangirai’s decision is consistent with the very principle of democracy for which we clamor. After Tsvangirai had earlier yielded to the current deal that was brokered by the Southern African Development Community, it was up to the 60-member MDC national executive council to vote either in favor of or against participation. After an intense and charged internal debate that threatened to tear the party apart, the national executive council voted for participation. This decision represents an immense ideological shift by the MDC, a party that has always...

Author: By Brighton Mudzingwa | Title: The Bittersweet Zimbabwe Deal | 2/8/2009 | See Source »

...Naturally, this left the opposition with very few alternatives. The only plausible option was for the MDC to simply take the fight for democratic change to a new scene, to a new platform: an imperfect unity government. By agreeing to this compromise deal, Tsvangirai understood this. Mugabe is as much a part of the solution as he is the problem...

Author: By Brighton Mudzingwa | Title: The Bittersweet Zimbabwe Deal | 2/8/2009 | See Source »

...Indeed, no ruler should be allowed to mismanage a country and expect the world to fold its arms. While the initiatives to address the Zimbabwe situation are very welcome, one cannot overlook the fact that this deal rewards political violence and repression at the expense of electoral popularity and acceptance. By endorsing power-sharing agreements (first in Kenya and now in Zimbabwe), African leaders have, in principle, set a dangerous precedent: dispute election results, hang onto power, then negotiate into a compromise arrangement...

Author: By Brighton Mudzingwa | Title: The Bittersweet Zimbabwe Deal | 2/8/2009 | See Source »

...freedoms and civil liberties while ensuring the restoration of the rule of law, among other things. Will this inclusive government succeed, or will it falter and betray the long-suffering Zimbabweans? Any guess is a good one— the jury is still out. In the meantime, this deal should be given a chance. Zimbabweans have begun to dream again...

Author: By Brighton Mudzingwa | Title: The Bittersweet Zimbabwe Deal | 2/8/2009 | See Source »

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