Fact,What kind of lesson are we going to teach the US when the...

Fact,

What kind of lesson are we going to teach the US when the rest of the world doesn't have a leg to stand on either.

Central banks throughout the world are cutting rates and bailing out banks because their own financial insto's are in the same situation as those in the US and the Americans are saying:

You don't like the way we roll? Well what are gonna do about it buddy?? It's a world wide credit bubble ie the entire global economy was running on credit over the last 4-5 years.