Is $600 billion dollars enough to avert a global system failure?

It's amazing that this article says it so explicitly - we are on the cusp of a global stock market failure. Everyone is hoping $600 million is enough to absorb the sub-prime fandangling. I doubt whether it is even in the ballpark of the sort of rescue package required - which I'm guessing is well over $1 trillion.

Where are we now? Well here's a snippet: UBS shares crashed more than 70 percent on subprime losses.

All along we have been saying that the American economy is based on Americans selling houses to each other. Except the house selling bonanza was a con, so was all that free money and phantom credit. Result? The US economy is a con. And crash of the whole system unavoidable. Enjoy your job while you still have one.

clipped from news.yahoo.com Central banks have now spent more than 600 billion dollars this week to avert a global system failure. In addition, the Fed rescued US insurance titan AIG with 85 billion dollars, having allowed Lehman Brothers bank to fail. "For the time being, this (central bank action) has stabilised the financial system," said Andrew Busch at BMO Capital Markets.