Pakistan.
Giving the Pakistani government more money because it is "too big to fail" is a doomed policy in every way except one: it allows us to believe (for the time being) that nuclear weapons will not fall into the hands of people who would like to detonate those weapons in Long Beach or Baltimore Harbor.
This belief will be true until it is no longer true. The day when it is no longer true will be the day that a gaggle of pundits assembles on TV to say: "how could this have happened?" Everyone will express shock at the turn of events. But this turn of events is inevitable. Pakistan's government will fall. Whether it falls this year or next or in 2014, no one at the highest levels of the United States government doubts that Pakistan's current government will fall. What happens after that is anyone's guess.
