So far what we've seen happen is a serious rally in the value of the dollar.

It seems there are some smart people out there who see that the massive bailout would have incurred debt and encouraged the Federal Reserve to print way too many more of the things, and this would have devalued the dollar. So, we get a stronger dollar out of the deal.

Now if we could just get us to abandon those banks who could only think of how to fool poor people into paying on mortgages for a time then foreclose on them, and move our assets to those banks that want to, and are in a position to, loan out our money, this credit 'crunch' would evaporate in a hurry...