Oh HELL NO!

US taxpayers could be on hook for Europe bailout

By John W. Schoen, Senior Producer

 

The U.S. is coming to Europe's financial rescue.

So far, America's role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America's status as the single largest source of money for the International Monetary Fund.

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And who is going to bail us out?

China, most likely - and then they own the world...