Global: Scenes from a bailout

In what U.S. Treasury Secretary admitted was a “humbling, humbling time” for the country, Congressional members of America’s two major political parties spent the weekend hammering out a rescue package for the nation’s financial beleaguered system. The plan, if ratified as expected by Congress, calls on the U.S. government to spend up to $700 billion purchasing “troubled mortgage assets of crippled financial firms.”