News wires loaded with comments from Juncker, Trichet as well as Russian FinMin Kudrin urging the US Congress to pass TARP, aka “the Bailout”, as it is their “Duty” to the world at large.
And by the way also claiming they are powerless to do so on their own turf.
Best to keep your urgings and preachings to yourself, lest the voters of the United States begin hearing they need to bail out Europe, Russia and who knows else.
The mood of voters is vile enough without suggestions it is their “duty” to foot the bill to bail out foreign institutions who gobbled up these assets. No one held a gun to their collective heads forcing these firms to buy it was greed for higher returns that motivated them.
