$5 Trillion Cash Pool Needed to Stop Rout, Ohmae Says

Sept. 23 (Bloomberg) — Treasury Secretary Henry Paulson’s $700 billion plan to buy devalued assets from financial companies is “a joke” because it doesn’t go far enough to calm markets, said Kenichi Ohmae, president of Business Breakthrough Inc.Ohmae, nicknamed “Mr. Strategy” during his 23 years as a McKinsey & Co. partner, called for a $5 [...] continue reading the breaking news