Huge public sector interventions were set in motion in the United Kingdom, France, Germany, Ireland, Denmark, Austria and Switzerland among others either in form of guaranties, recapitalizations or distressed assets relief. In the U.S., the Treasury obtained Congressional approval for sweeping powers to purchase $ worth of illiquid U.S. mortgage-related assets created prior to September 17, 2008.
I am sure many of you can recall the various policy recommendations that were made toward Japan's policymakers by economists, both domestically and from abroad, as well as from international organizations since the latter half  2  Ahearne et al.