Originally Posted by Beingist
Well, of course this was to be expected. The financial system is global, after all, which is to say that the bankers now have all the world's money to play with, so, of course, they'll "come to the rescue".
Still makes me wonder what it's going to take to make it all come crashing down. As far as I'm concerned, it has to.
It seems that they're going to go to extraordinary lengths and do 'whatever it takes' to hold it together. Just for clarity this is central (government) banks all coming together to do this. It paves the way for the US/Japan/UK/Canada/Switzerland to bail out EU countries...