However, there is also a positive side. The US is now concerned about the world, about the deposits, the clients, concerned about institutions going into bankruptcy, and also concerned about containing any panicky situation.
They have been successful in rescuing the bankruptcies.
This is remarkable and this has re-established US as the leader, if not in totality, but at least in the financial sector.
You mean rescuing this sector with the $700 billion bailout plan?
Not only $700 billion, it's just a start. They should be very careful in ensuring that this money is not used for filling up their losses, or for expenditures.
They should be very careful and ensure that the money is not misused.
Image: A tourist takes a photo of a plaque of George Washington on the steps of Federal Hall which overlooks the New York Stock Exchange | Photograph: Timothy A Clary/AFP/Getty Images
Also read: America's largest bankruptcies
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