Ckent, I agree that they are different cultures and the US would step in a lot sooner to fix the banking system...or will they? What would happen if say something like JP Morgan went bust or was threatening to because of bad debt. It would make Enron look like a picnic. Japan is dealing with 4 majors loaded with bad debt....the price is obviously too high to fix.
Regarding reporting and such, I am wondering who is setting the agenda for the Fed Reserve? To me it seems that the traders set the agenda and the Fed is almost obliged to comply. Whose fooling who?
