It is no secret that we in the middle of an economic meltdown that can be compared only one or two similar cycles of economic turmoil, but do not spend in previous economic crises, the government trillions of taxpayer money to rescue banks by foreign and national companies. The government printing trillions of dollars in an attempt to bridge the economic crisis that will result in the long run to make the devaluation of the dollar against world currencies fixThe situation is even worse.

In the modern era supported the dollar rather than the gold standard, as it was for the first two hundred years, these countries existence. In today's market, the dollar is just a piece of paper and the value is decided by the dealers, day after day. What makes our current situation so frightening is that our current government is printing and spending trillions of dollars to rescue foreign banks and financial institutions.

The company, American InternationalGroup (AIG) is a perfect example of why the United States is heading on a very slippery slope, the restoration of foreign banks. If you do not already know, the Government of the United States, AIG has 173 billion U.S. dollars bailout money. AIG reported the largest quarterly loss in U.S. history last quarter at $ 61 billion. They were just there in another $ 30 billion from the Government of the United States last week. The frightening is that nobody knows where all the $ 173Ended billion. Recently, the Wall Street Journal has a list of different banks, foreign and domestic, which brought at least 50 billion U.S. dollars of the $ 173 billion for AIG by the U.S. government. It is incomprehensible that in today's economic climate, with foreclosures at record levels, the government of the United States out of the hands of such large amounts without accurate records, to see that every penny would be used properly.

The demise of AIG: AIG was heavilyexposure to toxic assets seen as the cause for the credit crisis for its planned London-based financial products unit, the hundreds of billions of dollars worth of credit instruments. "She said many insurance default swaps to financial institutions around the world," a market source of the news agency Reuters on Friday. So basically the Government of the United States, the rescue plan for the foreign banks, charged with AIG the toxic assets to assure their books.In plain language means that you and I pay for their mistakes.

Back when times were good and this FAT CAT BANKERS paid off multi-million dollar bonuses all was bright. Now that their Ponzi scheme came tumbling down, the United States taxpayers left holding the bag by bailing out these foreign banks.

At least two dozen American and European banks to benefit from the rescue of AIG paid around 50 billion U.S. dollars, as they, the Federal Reservegave first aid to the insurance giant, reports the Wall Street Journal reported Saturday.

Here is a list of banks at home and abroad have received huge sums from the U.S. taxpayers to the rescue of AIG by foreign banks:

Goldman Sachs Received $ 6 billion
German banking Received $ 6 billion
Société Générale – Received $ 4.8 billion
Calyon – Received $ 1.8 billion
Barclays – Undisclosed
Rabobank Undisclosed
Danske – Undisclosed
HSBC –Undisclosed
Royal Bank of Scotland Undisclosed
Banco Santander-Undisclosed
Morgan Stanley Undisclosed
Wachovia Undisclosed
Bank of America Undisclosed
Lloyds Bank Group Undisclosed

I find it interesting that Goldman Sachs, one of the biggest beneficiaries of the money given to AIG by the U.S. taxpayer for the rescue of foreign banks. Our current Treasury Secretary Henry Paulson, former CEO of Goldman Sachs has a net worth of more than 700 million U.S. dollarsDollars and no doubt still has millions of shares of Goldman Sachs. Does he have a personal emergency plan for monitoring are themselves at the expense of U.S. taxpayers' money, allegedly used to bail out foreign banks? The rest of the foreign banks will not disclose the amount received from AIG, which came from the American taxpayers, but with political pressure mounting to force the door open every day and we will all get a glimpse of how the FAT CAT BANKERS of have taken the world hostageif the "secrecy is broken."

For most of the listed banks in this article have the world economy in its current major collapse mode switch to. They did it knowingly, by issuing guidelines for the loans that were dangerous, toxic, and in most cases they knew that they go bad. They expected that property prices hold, it just kept escalating, the borrower could refinance loan in any other of these toxic loans that would keep their food FAT CAT BANKERS pockets.

If you are in a toughYour current situation with loans, or you have a loan that you had the feeling deceptively there is hope. There are federal and state statutes on the books of American consumers from deceptive lending practices to protect. The penalties for breaching these laws are very strict and can result in your mortgage payment that reduced hundreds of dollars per month, you can get reduce the principal amount of your loan with hundreds of thousands of dollars, and if the injury serious enough You can alsoawarded damages for violation of federal and state statutes.

If the government goes to the United States to take the money and the taxpayers bail out foreign banks and the rest of the world, I firmly believe that if you are also a broker, lender or bank, you should all to explore your options. They are, what options are always happy to be surprised available. The players obliged to play in the mortgage market in the United States, so much fraud and violated so many federal andState rules and regulations there is a very high probability that you may qualify for substantial relief and be wasted something in return for your money of the taxpayers that sent overseas to bailout foreign banks and institutions.

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