While it may seem odd that so many banks are scrambling around the world for cash, I can somewhat live with it. Raising capital from foreign governments that will now have a role in a major bank is unsettling if you think this out into the future, but it could be worse. What is much more problematic is that these banks continue to be fed by taxpayers in the US and UK (and no doubt elsewhere) to prevent them from having to raise even more capital.
The banks have no issue with raising more capital to pay for their problems so why are taxpayers - who are already suffering due to banking problems - bailing out banks? It's obvious they get much better terms from taxpayers during this process but what taxpayer wouldn't want to see some friendly terms given back in their direction? To hell with the gamblers in the banking industry, but politicians on both sides of the pond are much too proper to say what everyone in the real world is already thinking. Maybe the voters will just say to hell with the politicians who are going along with this and vote them out.
