wallstreetturmoil US Should Learn From Korea to Clean Up Mess

By Kim Jae-kyoung

Staff Reporter

U.S. policymakers and regulators are putting their heads together to fix the troubled financial system. They came up with a monumental $720 billion bailout plan.

However, regardless of the outcome of the rescue package, it will not be easy for the U.S. government to put its financial system back on track and restore the credibility of a system once touted as the most sophisticated in the world.