kacy is very much correct.
and remember this is as much a confidence issue as anything. Lenders are scared to lend to each other as they don't trust each other, if they lend they charge insane rates. The US bailout will try and bring confidence back into the market and revive the debt market. If this works the US will have bought itself some cheap assets which will then appreciate (in due time)!
And if it makes the US government cut spending on wasteful things then even better.
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