Yes things are F'd up.

But I want to point out some things to readers here.

Russia halts trading after 17% share price fall

http://www.ft.com/cms/s/0/6ff9306c-83f1-11dd-bf00-000077b07658.html 

the Bank of China cut interest rates for the first time in six years and lowered capital reserve requirements for its smaller banks.

http://www.moneymorning.com/2008/09/16/central-banks/

I guess the argument of China was, when on thin ice, reduce reserve requirements~~

The ECB allotted roughly $43 billion (30 billion euros) in a one-day money-market auction that was more than three times oversubscribed,

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4CbU4pfZ9kc