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World Markets Tumble Before US Bank Bail-out Vote
in iceland, the government had to step in to buy a 75-percent stake in the glitnir bank after its financing deteriorated during the past few days .
fore a year, the government knew there was a problem at bradford and bingley .
while seen as helpful, the view in europe is that the plan will not be enough to overcome the growing financial crisis that is impacting financial institutions worldwide .
we intervened to dealing with share speculation in the markets and we will continue to do whatever is necessary over these next few days in very difficult times, turbulent times around the world, to make sure that the british stability for which we have done a great deal over thetese latest few years is maintained .
congress on a proposed $700 billion rescue plan for financial institutions .
fore a year, they could have put a solution in place .