For those of you who want to read about the foreign banks, here is the link.

http://bloom.bg/dX1yUk

You notice I was a good guy and did not bring up the silly bailout of the Libyan Central Bank!

Cheers,
thebigmozey

In my opinion the banking, stock market and UAW bailouts were the biggest scams ever perpetrated on the American taxpayer. It was the banks' own fault that they allowed sub-prime mortgages to go through, knowing good and well that most would bust into foreclosure. The billions we gave away to hem without strings attached (thank you Congress) was nothing compared to the billions in the second round. What's amazing is that most banks, stock market traders, etc all showed enormous profits within a year. The foreign banks that invested in the fray had to be paid back by the American banks that sold investments to them but it didn't end there. Countries are now going into downward spiral (Ireland and Greece o start) and now the EU is bailing them out. When we start bailing out private businesses, we break the natural order of things, smart investing banks survive and those that look for the quick buck should be allowed to die in the vine. The automakers should have gone belly up and voided the UAW contracts of cradle to grave benefits, which would have saved a ton of money. It's pretty damn bad when your mortgage goes upside down and a car becomes the largest investment you have to make.

Bailing out foreign banks...I won't be nice and will bring up that Libyan banks got bailout money. Look at the "double edged hypocricy" here. First our money goes to make sure that any bank (Libyan or otherwise) wont have to suffer the consequences of their foolish investment in our bank created toxic derivatives. Then, to make matters worse, we will spend untold billions on another unnecessary war ordered by the globalist bankers, but paid for with American money and lives.

bobintexas,
Congrats, you answered the question best.
Thanks for taking the time to respond to the question, y'all.
Cheers,
thebigmozey