World reacts to US bailout rejection.

It's sad and embarrassing how the US' unregulated and greedy fiscal policies damaged the rest of the world.

Some snippets from BBC News:

BRAZILIAN PRESIDENT LUIZ INACIO LULA DA SILVA

Emerging nations, poor nations who have done everything to have a good fiscal policy and to keep their economies stable, should not be paying for the price for the American economy's casino-like policies.

It is not fair to have countries in Latin America, Africa or Asia pay for the irresponsibility of certain sectors of the American financial system.

EU TRADE COMMISSIONER PETER MANDELSON

I feel they've taken leave of their senses and I hope that in Europe we will not see politicians and parliamentarians replicating the sort of irresponsibility and political partisanship that we have seen in Washington.

The American banking system is going to have to reinvent itself... It's going to be consolidated, it's going to operate in a different way, it's going to have to operate with more responsibility, less risk.

JAPANESE PRIME MINISTER TARO ASO

We have to respond appropriately in order not to affect the Japanese economy and to prevent the financial system from falling apart.