I don't believe that the US government has enough money to throw at it. This tsunami has already consumed many of the largest and most powerful investment houses in our country.
It will continue to roll, and take out the G7 countries with it.
All because of obscenely rampant greed in the credit derivatives market - actually promoted in 2005 by the Fed, 14 member banks, and Goldman Sachs.
I was reading the other day that Americans owe almost $1 trillion on their credit cards, and that much of this debt was packaged by the banks and sold off to “investors”, just like the mortgage debt.
So when the defaults begin to escalate, we’re going to have another crisis on our hands. This thing just keeps growing.