Americablog: Wall Street powerhouses to be bailed out - by foreign governments

by Chris in Paris · 1/10/2008 08:47:00 PM ET · Link

Is it really safe to allow some of the largest and most important banks on Wall Street to become closely tied with foreign governments? I couldn't even imagine such a possibility a few years ago but now that they have all lost billions, anything goes. It's interesting to see these previously high flying companies do a global tour with hat in hand. Only a few years ago they all had their own colonial ambitions and now, it's those same countries who are bailing them out.