WHAT HAPPENED THE WORLD’S financial crisis has ballooned. The week’s intrigue included initial rejection of the US administration’s US$700bn bailout of its financial institutions, approval of a $17bn aid package by Japan to stimulate its economy, the closing of its unsettled markets by Russia and Citigroup’s takeover of Wachovia, the US’s fourth-largest bank. DAILY DISPATCH said the stability of the entire global economy depended on the extent to which the US defuses its financial crisis. Beeld said that SA would feel the consequences, as already manifested in the downturn on the JSE. Business Day said it was a rocky road and warned that the world would have to exercise great ingenuity in joining forces to restore confidence. Die Burger said SA still had a lot to be grateful for.