The US Government key lawmakers gave the greenlight to the huge financial bailout to the current credit crisis, where many large banks and institutions face collapse or take over.
While many countries corperatized financial institutions, America is nationalizing their banks by pumping in money via warrants or takeovers, to prevent a major recession or even leading the global economy into a Great Depression.
The question in mind is, "What if the bailout fails?". What other contigency plans does the US Government have in mind?
At the same time with the worst financial clot in the US, melamine was found in many milk products in China. Melamine cause kidney stones and have lead to many deaths in infants. Most countries have recalled milk products after milk products off the shelves.
The scare will affect almost all milk based products from China. At the same time, consumers have also avoided other food products from China. This will lead to lost of export to China's producers. The lost of export market leads to job lost and closure of companies.
Would this create another set of problem for the world? Afterall, China being the most populous nation in the world and having one of the largest GDP, this scare can lead to a new set of problem.
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