THE BIG DEAL

The American government intervenes to console the investors.
Mr. Bush to the press on the recent US financial crisis speaks just moments ago

"The US financial crisis wil be soon resolved.
The American government is taking extraordinary measures to stabilize the market and improve the investor confidence.
The Federal Reserves are trying out plans to solve the issue and is studying the reasons for Freddie Mac and Fannie Mae's failure in the housing financial sector.
Also, we are working on the issues of Lehman Brothers, Morgan Stanley, AIG, Goldman Sachs. We are studying its balance sheets and will resolve this financial crisis. "

However, the US government is optimist on the current financial crisis but the Congress and US financial secretary is still expecting the worst situations to come ahead.

The good thing is, "Indian banking sector is safe ", says finance minister Mr. Chidambaram to the press early this morning.

The catastrophes of this huge financial crisis will take its own turn in the coming days.