Breaking: The wording of the bailout plan has been changed removing the US domiciled firms statement. Awaiting link to post.
This was going to happen. Why the surprise? Lots of sovereign wealth funds have invested in toxic paper. It should have said from the start that mortgages should be for properties which are on US soil.
In an accepted dog-eat-dog world behaviour of polarizing actions/reactions ... with cannibalistic elitist theories firmly indoctrinated in the US population (to some a version of the American dream), and social and economic Darwinism being the idolized regime promoted by your "elitist priesthood", the US surely is not making any friends in the time ahead. Greatness and destruction comes in waves of peaks and valleys to those who enforce it, choose to live by it...