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The bail out bill was not a bail out but a take over giving the Treasury and the fed a loop hole not to need to ask congress for money for some things then they took our meager tax dollars that really only pay down the interest on the debt to the Fed Reserve who wrote the bill and gave it to THEMSELVES!

Then they kept the money basically. the 700 billion was just a down payment on a 5 trillion contract with foreign central banks.

Bottom line, why is the American tax payers bailing out foreign banks like Deitche Bank?

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Young Werther Comment by Young Werther on November 20, 2008 at 8:12pm
> ...American tax payers bailing out foreign banks like Deitche Bank

They're not. They're bailing out US banks and foreign banks operating in the US. Like it or not, US companies borrow from a myriad of banks, some local, many foreign.

BTW, the amount of derivatives (credit default swaps) is probably closer to 50 tri :(

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