U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium

[Don]

In the mid-90's we had to fund the "Mexican bail out." Twenty billion dollars, I think. The line was that if we didn't bail out Mexico and pay their debts to Wall Street bankers, the whole world economy would come to an end and civilization would collapse, blah, blah, blah. Newt Gingrich helped push it through the House, Trent Lott helped in the Senate, and Bill Clinton signed the bill.

Rank and file Americans are hanging on by their fingernails, but our rulers always seem to find billions of dollars to bail out Wall Street bankers and third world tycoons. And don't forget earthquake victims in Haiti.