The European bailout is not "TARP Deux," Doug Kass says, for many reasons. Will Europe have the...

|By:, SA News Editor

The European bailout is not "TARP Deux," Doug Kass says, for many reasons. Will Europe have the same resolve the U.S. showed when implementing necessary fiscal controls? Will Europe be willing to "extract the skin" of their financial institutions, as the U.S. did to equity holders of AIG (AIG) and other publicly-traded firms? Kass doubts it.