He says when you look at October of this year versus last, there's been a 99 percent drop in the money flowing through the securitization pipeline for mortgages, consumer loans, and credit cards.

NPR: Treasury Secretary Redefines Bailout

One reason it may not be is timing: the hoped-for oil from Kazakhstan's fields will not start flowing in serious quantities until 2008, but America wants the companies to complete the Baku-Ceyhan pipeline by 2004.

ECONOMIST: Kazakhstan

Turkmenistan resumed contracts with Russia to get supplies flowing again in January, but at a fraction of what Turkmenistan had been sending to Russia before the pipeline exploded.

FORBES: Turkmenistan: Desperate for a Gas Market