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Exceptional for what has happened to financial markets — This is only be described as a meltdown. And exceptional for what has not happened, at least not yet, to the broader economy

Six months ago, when the IMF estimated more than $1 trillion in financial sector losses and predicted a sharp slowdown in the global economy, we were criticised for being too pessimistic. But with much of the losses yet to be realised, and with the financial crisis now acute, it has become clear that the stopgap solutions of the past year will not work, and that nothing short of a systemic solution — comprehensive in tackling the immediate fallout, and comprehensive in addressing the root causes — will permit the broader economy, in the US and globally, to function with any semblance of normalcy.

For the near-term, such an approach must include three elements: liquidity provision; purchase of distressed assets; and capital injections into financial institutions.

after the clearance of bailout plan by the US senate, let’s hope market will stabilize ...

exactly how the $700 million help in financial crises ??

If u ask me nothing would make it easy to stabilize this crisis time for US since the fundamentals were wrong .

Its time for US to go down and India to rise.

Let them burn ............

If US burns it will take along it many countries ... and the effect u can see on India economy which is along burning along the US .