Dudge: NEW WORLD ORDER: BAILOUTS HELPED FOREIGN FIRMS... APNews - DRUDGE ^ | 8/12/10 | MARCY GORDON
WASHINGTON (AP) - The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries' financial rescue plans did on the U.S., according to a new report from a congressional watchdog.
Billions of dollars in U.S. rescue funds wound up in big banks in France, Germany and other nations.
. . . . Those were our tax dollars. WHERE is the outrage?
I’ve nearly run out of outrage.
Redistribution of Your Wealth To Build The Wealth of Someone Wealthier.
(wonders if that is grammatically correct)
The problem with condemning the fed for shipping money over seas is that the US sold foreign banks a lot of paper that was worthless.
The US could have said buyer beware.
But the price of shafting people would have been detrimental to everyone.