BBC NEWS | Europe | No banks bail-out fund for Europe

BBC NEWS | Europe | No banks bail-out fund for Europe: "Europe's biggest economies have agreed to work together to support financial institutions - but without forming a joint bail-out fund." Oh, now we see this. You mean, we didn't have to turn the mortgage industry over to the government after all? What in the world is going on? It looks like America is turning socialist and Europe is becoming conservative.