US fix the credit crunch crisis with US$500 billion

On 19th September 2008, US announced that it will take out US$500 billion (S$717 billion) to fix the credit crunch crisis, by buying the toxic bank assets and hope that it will free up credit markets.

In London, Sydney and New York, regulators have imposed bans on short-sellers who are blamed for aggravating the global market meltdown.

Being a short-seller, one sell shares that he/she does not actually own, hoping to cash in on falling prices.

My opinion is, by saving the credit markets with such a huge amount of money do not solve the core of the problem.