What do you think about the $700BN plan?

[Franglais]

Nobody mentioned the Subprimes thing, last week's crash, Lehman Brothers, the $700BN plan to pick up the pieces? I just wonder how this is seen in the States. The picture drawn by the French press:

1. From about 2001 onwards the financial community in the US made a lot of risky loans to poor house buyers. Too many for safety
2. The loans were sold off as various financial products to the entire financial community
3. Interest rates rose & the house buyers couldn't repay, driving down the price of houses and the financial products and finally ruining everybody
4. The US government bit the bullet and stepped in to avoid a disaster

Thank goodness it happened in the US. In Europe there is no way to make a quick decision like that. Let's just hope it will do the trick.