Before you pop the cork on that bottle of Dom stop to remember that the fundamentals have not changed one iota. We're still in debt up to our eyeballs and nothing has changed other than world leaders pulling out the credit card and saying help yourself. I've said it once and I'll keep saying it until somebody starts listening " you can not borrow your way out of debt".
Like a teenager in debt who's finally hit the magic drinking age goes out with his first credit card forgets his debts and spends like there's no tomorrow. Then that statement comes and with bleary eyes and a screaming headache Jr. opens the bill and realizes he'll have to work thirty years or more to pay this back if he's lucky.
I've heard nothing of the details on the international bail out other than nations will buy shares of banks and try to back deposits. Sounds like they're just trying to cover their own asses on this. Nothing in the bail out says anything about the bad debt or mortgages both here or abroad. Sadly in the long run we'll just have to eat it. Like a hundred bucks you lent to the drunk teenager just kiss it goodbye.