[tobyhill]

It’s blatant market manipulation at US Taxpayer’s expense.

[mewzilla]

Here's How Our Fed the American Taxpayer Threw A Big Lifeline To European Banks.

There, I fixed it :)

[Palter]

Americans Have Been Bailing Out Foreign Banks for Years ... And We're Getting Ready To Do It Again

:(

[Dr. Ursus]

I guess Spiro can stop rioting and go back to retirement?

[Jack Hydrazine]

All of these bailouts we are seeing reminds me of trying to patch up a leaking dike that is continually having new leaks show up. Maybe the Big Zero is trying to imitate the legend of the boy and the dike.

[BiggieLittle]

I believe the US taxpayer (and whoever else we borrow the money from) is coughing up about 57 billion for this bailout through the IMF. Ultimately we’re bailing out the banks that hold garbage sovereign debt. Sound familiar?

[April Lexington]

Think of this action as the largest credit card balance transfer in history... Meanwhile, Europe keeps deficit spending itself into oblivion.

[crescen7]

There’s something confusing about the “simple” explanation.

All weekend we heard that the market decline was due to the markets lack of confidence in sovereign debt.

This morning we’re told that the markets are going to sky rocket because the troubling sovereign debt has been cured by ...

you guessed it ....

another trillion bucks in sovereign debt.

So what gives?

Do the Wall Street traders really buy this fix - or are they just playing each other realizing the the day of reckoning will now be put off for another day - and they’ll play along until then?

[maggief]

PING!

[LibLieSlayer]

abc just announced that we are giving the EU 1 TRILLION dollars in supposed future tax receipts.

LLS

[Iron Munro]

It attempts to keep Europe healthy so they can continue to help Obama disparage and undermine the USA.

[SpaceBar]

We have just crossed the Rubicon of global socialism without a shot fired.

[FormerACLUmember]

THe USA is in economic devasation, and Obama is loaning money we don’t have to the lazy/murderous Greek Communist parasites.

[mlocher]

Here's How Our Fed Threw A Big Lifeline To European Banks

Can we return the champaign?

[Bean Counter]

Let me see if I get this straight...

US Banks are trying to limit their exposure to European debt and contagion (for many good reasons), so the US Government is doing an end around those banks and opening the US taxpayer to those very same risks instead with effectively no cap on the amount “we” could ultimately be on the hook for.

About right??

Tell me how does this fit into the US Budget, our deficit and the amount of money that has already been borrowed under a floating debt cap of $14 Trillion??

Let’s all stand up and give a warm Welcome to Euro-Mae....

[Oatka]

“Here’s How Our Fed Threw A Big Lifeline To European Banks”

Shorter headline: “Insolvents bail out bankrupts”.