All eyes turn to world leaders!

It pays to be aware! Below is an update courtesy from CNNMoney.com by Chris Isidore.

NEW YORK (CNNMoney.com) -- The Federal Reserve and Treasury Department haven't been able to stop the panic gripping U.S. financial markets.

Neither have finance ministers and central bankers across the globe - from powers such as Britain and China to smaller countries such as Iceland.

In the face of the growing global crisis, can the Group of Seven and International Monetary Fund make a difference?

That's what the world is hoping. But even those calling for coordinated action on a global scale aren't sure they can.

Read more on this update at CNNMoney.com!