Will the bailout package help?

It is good that US government is toying with the idea of having a bailout package for banks. People are apprehensive about the good this move will make. Before making hasty moves to rejuvenate the US economy, the government should make a complete estimate of the quantum of demage caused by sub-prime crisis. 

Without proper estimate of the demage, no corrective action can bring the economy out of tail spin. It is foolish on government's part to waste tax-payers' dollars on the hasty moves.

Fall of financial gaints...

Fall of a well known investment bank, Lehman Brothers and acquisition of Merill Lynch by Bank of America is a setback to entire world. Repercussions will be felt in every country and in every business. We witnessed fall of market indices in developed and developing countries. Investors became scary. Bears are reigning the market now. It is good that USA government came out with a package to bailout the financial institutions from endanger.