The Fed Bails out the Euro

Last week as we had our weekly fear mongering about the pending collapse of the Euro the United States treasury led a bailout effort for some European banks. Digest that for a moment. While some European treasiries were convinced to help the main force was the United States.

The International Banking System is all connected so it stands to reason the United States would be concerned about the pending rupture in Europe. That said one has to ask themselves if this is the action that we should expect. The U S out in front on baling out European economies.

I do not know the answer but I know that much of America would say no.