Busy, so you are on your own for a while. This got my blood pressure up, though:
The financial crisis that began in the United States spread to many corners of the globe. Now, the American bailout looks as if it is going global, too, a move that could raise its cost and intensify scrutiny by Congress and critics.
Foreign banks, which were initially excluded from the plan, lobbied successfully over the weekend to be able to sell the toxic American mortgage debt owned by their American units to the Treasury, getting the same treatment as United States banks.
That is right. The Bush administration wants to take a trillion dollars from the American taxpayer, give it to Hank Paulson, and then shower it on foreign banks.