US banks to bail out foreign banks, if necc, c/o Mike Allen Politico:

“If a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution,” Paulson said.

Global citizens always love to talk up the end of the so-called American Empire. I always contend: Does your country spend a half trillion of defense, more than all other nations combined? But now I can add: Can your country invade and save other nations’ economies? American supremacy, despite the last year’s economic collapse and the wars abroad, remains intact.