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...but you forgot a little detail, the US saves each of its banks if they get any close to becoming bankrupt. They don't save foreign banks if the same happens,
by ivanca 11y ago
...but you forgot a little detail, the US saves each of its banks if they get any close to becoming bankrupt. They don't save foreign banks if the same happens, at all.
- JetSetWilly 11y agoEntirely false. Foreign banks received plenty of US bailout funds for their US activities. See for example: http://www.newstatesman.com/2010/12/financial-british-money-fed http://www.newstatesman.com/2010/12/financial-british-money-... - british banks alone took 640 billion in aid from the fed. Multinationals just don't work like that.
- _Codemonkeyism 11y agoWith foreign banks you mean British banks based on the linked article? The "british banks alone" gives the wrong direction based on your source.