700USD Billion Bailout?

Am I agree with the 700 USD bailout? partly yes. I think the market need the capital injection and what is more important is market confidence. However, some issues need to be tackle carefully as it involve other effect s.a. the effectiveness of the bailout, the monitoring mechanism, the plan b....plan c...plan d approach, the source of fund, the amount of deficit in budget, and the list will go on. However, if this strategy fail, hemmmmmm , the economic scenario will become chaotic (or is it the beginning of apocalypse? economic chaotic -> political instability -> social unrest-> ........)

I remember when Malaysia use similar strategy in Asian Financial crisis 1997, many so-called economists (especially the free market warlords)condemn the mechanism as it perceived as cronysm and anti free market. BULLSHIT. They condemn capital control as anti establishment, they condemn tight regulation. Now they use the same medicine to cure their economic headache. By the way, Malaysia government has established one company (known as Khazanah) and this company has bailout few companies and Non performing Loan from Malaysia Banks. This has help to stabilise the Malaysian Banking systems. In fact after the crisis and until now, Khazanah has been a well establised as a successful government investment arm, not just in Malaysia but also at the international level. since early 2000 and until now, Khazanah has make a handsome profit. All the NPL acquired has been successfully restructed and sell at a higher price.