The Unframed Financial Market

The Wall Street in the past one week became the only focus of the world. The de facto nationalization of the Freddie Mac, Fannie Mae and AIG, the failure of Lehman Brothers, and the buy-up of Merrill Lynch are so dramatic that the global financial sectors become confused about the future of the development.
The US government adopted different measures case by case, an action failing all kinds of predictions and displaying no explicit criteria. However, what Ben Bernanke and Hank Paulson are thinking is not how to follow the rules that have ever been laid down, but how to find the best solution to keep the US future advantage and position in the global financial arena, thus supporting the US role as the only hegemon in the world. The US never needs rules to limit its behavior.
Due to this unframed global structure, people can always cheer for the great creativity that the big brother exerts when facing the difficulties as long as there are sufficient financial and human resources support. However, few people really have the interest in pointing out the dangerous when the big brother is walking towards the precipice after lingering in the safety area for quite a long time.
The financial crisis has not reached its bottom. There is no much prediction on what the future would be. However, one thing is for sure that many graduates this year will have a hard time.