Trillion dollar rescue?

It's quite related with the last topic we(English education)wrote about. As far as the US economy doesn't related with Korea, I will probably not care about American economic situations. However, as the situations are different, even though we(Koreans) are not US citizens, I think we should care about the situations in US as well. It's globalized world, world that countries always affect each other. I know that many American investment companies also have invested in Korea as well. So, if they are having a hard time, it will also affect Korea as well.

Because US banks were acted irresponsibly, the US economy is suffering now.
Wall St. crisis affected not only the US economy but also European's economy.
US market has a huge potentiality for a European market, many foreign investors invested money into the US including Swiss investors. As far as i am concerned,
UBS and Credit Swiss were closed to bankrupt and the Swiss government was worrying about the stability of Swiss economy. Therefore, as far as US will be suffering the Europe will be affected too.

Every story has good side and bad side in it. What happened in the US. economy turmoil at this time is a lesson to be learned for every nation. Majority of American people live on credit. They get loans for almost everything they can ask for, for example morgage, car, education, vacation and even for grocery shopping. The rest of the world start to live their lives like American people do, for instance in China, nice clothes new car etc. I hope that what happened in The US will stop anyone to think harder before borrowing money and live beyond their means.

Hi everybody, I am from Argentina living in USA. It is nice to meet you all.I found the website a couple of weeks before and I would like to share some comments with you all.I think that this opportunity to write and speak is of tremendous value.
It is a privilege to find people like Jason that takes time from his family to build this exceptional web. Here, you are. Some thoughts about the market bailouts.

United States is facing a serious financial problem. President Bush gave warning of danger trying to provoke awareness of the situation on each citizen. Wall Street is experiencing a tremendous instability and it seems that fast decisions are necessary to reestablish the normal economic activity. Federal government has decided that it is essential to rescue those huge mortgage companies. In order to accomplish that, the federal government presented a market bailouts to be passed in Congress.
Now, it is fair to ask, is this aid getting rid of the problem? Who is responsible for this distress? Why mortgage companies approved loans to people in high risk of inadequacy to pay off? Why every person that live in USA (from little babies till elders)now has to support with his taxes the mess that huge corporations managed by "supposed capable" people left as a heritage?

These and another questions come to my mind but I am far away from being an expert in economy. Which is the best solution? I really do not know. But I am afraid the experts do not have the answer either; which is extremely sad.
One thing is true and it is that the history showed us that this was not the first time that a nation was through economic disasters. We also know it will take for a while to get a complete recovery of the financial system and difficult days are coming, but we also know, generally speaking, that we will recovery again.

buenosaires