Think the bailout failure just affected the US?

Think again…

The failure of this bailout plan is affecting the world markets as well, according to the BBC.

The markets affected are:

The UK’s FTSE 100 index was up 0.18% or 8.5 points to 4,827 by 12:00 BST, while Germany’s Dax was 0.9% lower at 5,756 and France’s Cac was down 0.2% to 3,949
Banking shares were the biggest fallers in London, as concerns grow about how the delay in securing a US rescue deal will hit the financial system
HBOS was down 12%, Royal Bank of Scotland was 6% lower
Japan’s Nikkei index ended Tuesday down 4.1%, while Hong Kong’s Hang Seng rose 0.8%
In Russia, trading was temporarily suspended on the country’s two main stock markets
In the Republic of Ireland, the government announced that all bank deposits would be guaranteed for the next two years
European bank Dexia has received a state bail-out, costing the Belgian, French and Luxembourg governments a combined 6.4bn euros ($9.2bn; £5bn)

So, this isn’t just an American crisis, this could very well turn into a world crisis, and from the looks of it, the crisis has already started.