With all of the corruption this article was never posted are talked about...
The GOP had better put this on their CONTRACT WITH AMERICA
They better also cut off the U.N. as being our dictator
http://www.georgewashington2.blogspot.com/2010/05/american-taxpayers-have-been-bailing.html
This is old news.
The US sold overseas banks mortage backed securities that were susposed to be triple A rated. ie the mortgages were susposed to be worth something. When they turned out to be worthless everyone was burned including the foreign banks. if the US did not pay up for the worthless securities — then the whole international system would have imploded.