Japan's PM : US bank bailout is 'insufficient'

Bush and his enablers got the Europeans looking down their economic noses at us. Now it's the Japanese:

Japan is sitting on more than $950 billion in foreign exchange reserves, second only to China's $1.9 trillion. Together, they control a major pool of funds that could come to the rescue of the West's severely strained financial industry. Options range from helping to provide credit to strapped financial institutions to cash infusions in return for ownership stakes in them.

Finance Minister Shoichi Nakagawa said Tuesday that Japan would be willing to contribute to a rescue led by the International Monetary Fund.

They'll help the ignorant barbarians--for a price, of course.

The IMF (or is it the World Bank?) imposes budgetary restrictions on banana republics it bails out. Might that kind of national humiliation would give our worthless political class a clue? I doubt it.

Addendum. The Chinese, too, are sneering at us. Dr. Doom agrees:

Our new $1 trillion annual deficits will likely cause Russia, China, and the other countries who are funding our spending spree to say, hey, wait a minute, why are we funding this banana republic.