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Congressmen Kucinich and Filner: No U.S. Bailout for Foreign Banks

Washington’s Blog [1]
Friday, June 12, 2009

Congressmen Kucinich and Filner [2] wrote a letter to fellow Congress members today, saying:

The most plausible explanation for the request [of $108 Billion dollars in funding for the IMF] is that the funding would be used to bail out private European banks with U.S. taxpayer money…

Our country and this body cannot afford to spend American tax payer dollars to bail out private European banks.

Of course, that would be in addition to the $40 billion or so which has already been paid to foreign banks through backdoor channels [3] (and see this [4]).

Buy hey, who’s counting?

Update: Secretary of Defense Robert Gates, National Security Advisor General James Jones, and Secretary of State Hillary Clinton wrote a letter [5] to congressional leaders urging them to approve the IMF funding for national security reasons.

[6]