The rescue scoreboard for banks outside the US:
* Dexia – Benelux – recapitalised
* Danish banks – new credit lines
* Hypo – Germany – credit guarantees
* Glitnir – Iceland – nationalised
* Irish banks – deposits guaranteed
* Fortis – Netherlands – partly nationalised
* Svyaz – Russia – nationalised
* Other Russian banks – new credit lines against foreign loans
* Bradford and Bingley – UK – mortgages nationalised, deposits and branches sold
What I can’t see anywhere is a request for new legislation to meet the emergency. Either all these governments and central banks have powers in place, or they are winging it. [Correction 2 October: Ireland is rushing through new legislation.] Even the Belgian government has acted decisively, and it doesn’t really exist.