Obama and Financial crisis

Obama will prove to be Lal Bahdur for USA. But are Americans really happy to see a non-white person sitting at the top post of the country?If yes why stock market has gone sharply down after the victory of Obama?If the fall is due to critical financial position he inherited from Mr. Bush, will the situation not further deteriorate because now neither Mr. Bush nor Mr. Obama will take serious action to cure the financial cancer killing US and the entire world fastly?If financial position of USA goes beyond control, can our country remain decoupled from US for long?Don’t you feel that our FM and PM have also failed to stop liquidity crisis in banks?If yes what will be the fate of public money, particularly small investors who have kept money in the banks?In the age of reformation, FM is advising banks• for rate cut,• for more and more lending at lower and lower rate specially when banks are offering higher and higher rates on deposits to cope with liquidity crisis they are facing,• for writing off bad loans,• for transfer of bad loans to Asset Reconstruction Companies ( what will be the fate of such ARC’s -only God knows), • for financing to Mutual funds to save them from liquidity crisis • and which in turn jeopardize the health of bank itself and so on …………….. • How far such advises are consistent with the policy of freedom granted to banks under the framework of reformation?Last but not the least, will it be possible for Mr. Manmohan Singh of India as also for Mr. Obama of USA to make Nuclear deal so much fruitful that the present financial crisis will be resolved without giving much agony to their citizens?If Obama or Chidambram really take care of their citizens they will have to move away from capitalism and move towards socialism.