As I previously blogged, the world would not save the USA, but join it. In the last week or so many countries taking aggressive steps to stabilize their markets.
Iceland hit hard by downturn.
Korean stock market see's sell off from foreign investors.
Denmark sets up special fund to guarantee deposits.
Hong Kong expected to be hit harder by downturn than 1997.
German government guarantee all private savings accounts
Belgian government seeks to take steps to prevent "fire sale"
Greece has old-fashion bank run, government guarantees all deposits
Italy's largest bank stock falls, trading suspended.
Ireland guarantees banks with 600 Billion of taxpayer money.
Pakistan close to default
Emerging markets in worst slump in two decades
Europan version of the DOW worst 1 day loss ever, passing Sept 11, 2001 record.
This dovetails into my previous blog entry on where the bailout may be spent.