................How about the billions of taxpayer money that went to English, German, and French banks?.............
Actually, I have no problem with that!
The scum mortgage originators, got the approvals of Fannie Mae; Freddie Mac, to bundle up all these crap instruments, and sell the garbage around the world.
To the extent that foreign financial houses hedged their bets on these garbage packages by buying AIG insurance products, (a prudent thing for them to do), and to now post a claim against AIG, is the proper business relationship.
As Americans, we may not like that our money is deposited offshore, but in the long run, if foreign financial houses tell us to F.U. on future investments, because we don’t live up to our previous insurance commitments, we become totally screwed.
Especially as Zer0 is trying for another trillion dollar tri-fecta for 2009!