The U.S. banks which operated with little or no close governmental supervision during the rein of the Bush Republican administration were making millions of risky loans to home buyers.

Eventually, these sub-standard loans to people with poor credit histories brought about two and a half million mortgage foreclosures.  Some big banks were bailed out with billions of U.S. dollars from the Federal Reserve.

Some banks officials are now under indictment for this fraud spectacle, but one big question remains.  

Who will bail out the world-wide banking institutions that were cleverly conned into buying these risk-laden loans?