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Passing Around Uncle Sam’s Top Hat

There has been much justified lamentation about the taxpayers funding Hank and Ben’s Excellent Adventure. But seeing as we’re now a debtor nation (soon, perhaps, to finally realize the consequences of that) the question who pays for it–as in who’s willing to pay for it–hasn’t really been asked amid all the grim and serious grandstanding. […]

There has been much justified lamentation about the taxpayers funding Hank and Ben’s Excellent Adventure. But seeing as we’re now a debtor nation (soon, perhaps, to finally realize the consequences of that) the question who pays for it–as in who’s willing to pay for it–hasn’t really been asked amid all the grim and serious grandstanding. But one answer is probably not these guys:

“We are not responsible for saving foreign banks,” said Badr al-Saad, managing director of the Kuwait Investment Authority, in remarks broadcast by al-Arabiya satellite television Tuesday. “This is the duty of the central banks in these countries.” Kuwait’s sovereign wealth fund pumped at least $3 billion into Citigroup in January, but the stock has lost a third of its value since then.

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