To Bailout or not to Bailout?

It’s been 19 days since the Federal Housing Finance Agency became conservators of GSE’s Fannie Mae and Freddie Mac; Eleven days since Bank of America purchased Merrill Lynch for the “bargain” price of $50 million dollars and holding company Lehman Brothers had to file for bankruptcy; Ten days since the Federal Reserve spent $85 billion to rescue insurance corporation American International Group; Less than 24 hours since the FDIC seized bank Washington Mutual Inc., and sold its assets to JPMorgan Chase for $1.9bn; and nine days since the U.S. administration first proposed a Wall Street bailout of nearly $700bn. Following are some blog reactions from around the world.