Calamity averted, but the credit crisis continues

This article Rescuing the banks speaks about the current banking crisis in the United States and whether or not it is a good decision to bail out banks. THe article also described the current crisis in England and describe how the English will go about solving their financial crisis. On October 14th it was announced that the government would lend assitance to the banks in dollar amounts up to 250 billion dollars. The article was well written and gave us an idea of how other nations are dealing with the financial global crisis and how our economy directly affects other nations.

http://www.economist.com/finance/displaystory.cfm?story_id=12432432