Even though European banks tended to have leverage ratios that were 75% more than US banks? Hopefully the $60 billion the US taxpayers sent to European banks (funneled through AIG as part of the bailout) helps ease the pain somewhat. ;-)
I'd like to see some reliable details on that if you would be so kind. The information I have is that the flow has been the other way. Seems like these guys can't even keep their lies straight, let alone their balance books.