Foreign Banks Hope Bailout Will Be Global

Sooo who is asking the hapless taxpayer how much he or she is willing to pay for the reckless ways of the wealthy speculators---hmmm.....?

PARIS — 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.