The WORLD needs a bailout plan

From Kurpalo
The United States bailout plan? $700 billion. Britain bailout plan? $255 billion. What the United States is doing right now is actually putting money directly into the nation's banks- partially "nationalizing the industry." Countries in Europe feel financial strains as well and are also putting together bailout plans and ways to improve their economies. France, for example, is injecting billions of euros into their banks. To stop the recession and more stock market problems, Europe is using taxpayer money and new bank debt to better their economy. A shocking statistic says that over $25 trillion has been erased from global equities in 2008. European countries have had several meetings with leaders in order to make sure credit markets aren't worsening and that investors no longer are panicking.

I found these articles very interesting. We hear a lot about the U.S's economy and how poorly it is doing currently. It almost makes it seem like everybody else is doing better. However, these articles put that really into perspective for me. These is a global crisis and the only way to get through it is to team up and negotiate ways to help each other. I can't believe how much the markets have gone down within one year alone and how much each country is in debt. The fact that they have to inject capital directly into their banks is outrageous!