The United States and six other nations agreed to a plan to rescue the financial industry, but fell short of offering concrete steps to backstop bank lending.
My action was signing the petition supporting a "buy-in" rescue package instead of a bail-out. I am not in favor of nationalizing banks, but my action or the collective action, will not lead to that. It will endeavor though, I believe, to put greater controls on those institutions. I signed the Avaaz petition because I believe they made a viable argument for doing so.
According to Calculated Risk, "This would essentially be the plan supported by most economists":