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Why is the United States bailing out foreign central banks?
Even though they may be foreign banks they are all interrelated.
11 Answers
- MathsorcererLv 71 decade agoFavorite Answer
Yes, many economies are interrelated these days. However, we should *not* be bailing out our *own* banks, much less the banks of any other nation or political entity. If people in other countries made poor financial choices then that is not our fault and it is not our problem. Choices have consequences...now they need to accept them.
- ohbrotherLv 71 decade ago
The Fed is exchanging dollars for Euros that are failing. The I.M.F. primarily funded by the U.S., and the E.U. is giving Greece a trillion dollars. As part of the bailout Greece will have to privatize their Government run health care. What does that tell you about the Socialist plan coming down on us. The CBO just released an under estimate of 115 billion on Obama Care. The thing with bailing out these banks and Greece is that nothing is changing. They are still Socialist Governments and we are just prolonging the enviable except they will leave us holding their debt. A.I.G. is insuring the loans. Who owns A.I.G. We do. So no matter how you cut it, this Administrations agenda to break America is happening.
- 1 decade ago
It's all part of the NWO. They say Greece is too big to fail (2% of EU economy). They say Spain and Portugal will fail if Greece isn't propped up. The truth is that these EU nations spend half their GDP on government and that is not sustainable. We are the IMF, we are the UN. It's all of our money borrowed from China. What a joke!!!
- Anonymous1 decade ago
Corporations who took big risks in Europe are requiring their puppet liberal government in Washington DC to send more tax dollars to bail out the foreign banks. Same old corruption sh*t from this regime.
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- 1 decade ago
Why indeed when we DON'T have any MONEY!
We are hurting in America and our Help goes to foreign BANKS?
Shut down the Government WELL! It is bone dry and they are sucking money from where? China?
Dang! We owe to much now.
- Robert TLv 61 decade ago
I only see it as stealing from the American Tax Payer to redistribute , to any and all until all have nothing.Except for the occupying bureaucrats of course. This is how checkers & chess are played. Domino any one.
- HATE MALELv 51 decade ago
i think you answered your own question, all banks are interconnected. one goes down it's a domino effect. that's why we have to end too big to fail. unfortunately, republicans and corporate democrats won't support that. too much money in politics. unfortunately, the conservatives on the supreme court voted to allow even more money in politics.
- GreenLv 71 decade ago
Because we are part of a globalized economy. If they fail, it directly impacts us. We are not doing this out of compassion.
- 1 decade ago
write some clear examples. and tell me how us making money to bail out foreign banks please.