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Street level not just because they see people protesting but that the protest succeeded that they could be more resilient than the regimes in other -- they are not as strong as they are. one of the things that kept these regimes in power, the basic strength, is that the people are not aware of their weakness. they are all weak. there is the contagion effect at the level of the regimes which are going to learn from the mistakes of tunisia and egypt. like two chest players where both sides are learning the moves of their opponents. we have only seen two rounds and many others that will be playin...

Up-and-down day achlt quick look at the markets, dubai financial market is down about half a percent now. amman stock exchange down a third of a percent. kuwait is up half a percent. saudi arabia down nearly 1%. saudi arabia gained about 2.5% yesterday. so many of those losses that we saw on sunday have been made up. now, saudi arabia, charles, is the region's largest economy. it's seen protests on its own border as well and yemen. and my contact spoke to the central bank governor last week and asked him if he was concerned about the contagion effect from the events in egypt in the middle east...

Here with us is hr*euz mcdonald. what are we saying? >> basically the ims is ponying up about a third of the $953 billion bail out. and about a fifth of the ims lending facility. what do we get in return, the issue is timothy geithner and other banking regulators here were worried about a con teenage and -- contagion effect. stabilizing the banks over there would stabilize our situation over here. that is the thinking down in washington d.c., jon. jon: is it generally perceived among investment experts that it's a good thing for u.s. taxpayers? >> there is a mixed reaction to it. the talk on w...

Not everybody can pay for it. usually in the past it's been an after shock. it's bad. it goes away. if you're standing on the aftershock if you're europe, it's pretty terrible. i don't think it's good for us. it's going to slow our recovery but i don't think we're talking bellator about a double dip even if it goes for the worse. >> so the contagion effect may not spread into creating a double dip recession around the world. take me to another issue entirely. could this sort of thing happen in the u.s.? are we anything like greece? because we're a highly indebted country. >> i think we're a lo...

Went out of business. quite a few u.s. carriers simply disappeared. that has not happened in europe. they've either been bailed out. they've either kept flying. they've either run up huge losses. and now it's time to pay the price. >> right. >> reporter: and of course, that is simply not being allowed to take place. >> because it's happened here already, we're not likely to see a contagion effect catching on in the united states, do you agree with that? >> reporter: look, i think if you talk to anybody in the u.s. airlines where they lost their pensions, already taken a pay freeze, may have go...