Bailout cash abroad

Sounds like I was right about where bailout money was going. We were shoring up foreign banks too. In for a penny, in for a pound--if it was necessary to shore up Goldman and AIG, it was also necessary to shore up some European partners too.

Of course that leaves unanswered the question of why banks were allowed to get to be "too big to fail." Nothing is so big or bureaucracy so well-vetted that some stupidity can't bring it down--and one day will.