Whats worrying global markets?

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*Earlier it was bailout now it's the fall outs of the bailout
*Fed meets today Oct 6th with banks and investors to create a clearinghouse
*Setting up clearing house part of contours of bailout plan
*Credit Default Swaps clearing platform to be set up by end of this year
*Reports that Fed may start giving 30 day unsecured loans too to fin institutions
*Until now Fed has been giving collateralized debt only, funds in lieu of bad loans in securitized form
*This move if comes from Fed is being seen as extreme negative
*Talk on Wall Street that Fed may announce an Emergency Rate cut before meet on 29th