The U.S. Federal Reserve
has a half-trillion dollars out in currency swaps with foreign central banks. Are they good for it?
A big hitch: Europe’s commercial banks have more exposure to wounded emerging markets than U.S.counterparts. By one estimate, European banks provided three-quarters of the $4.7 trillion in crossboarder loans to the Baltic countries, Eastern Europe, Latin America and emerging Asia. Their emerging- markets exposure exceeds that of U.S. lenders to Alt-A and subprime loans…
“I would say that most of the big banks in Europe are insolvent,” says Dory Wiley, president of
Commerce Street Capital, a money-management firm that invests in banking stocks…

http://online.barrons.com/article/SB123336877483535797.html

Obwohl AIG gerade 150 Milliarden $ erhalten hat und davon 450 Millionen an ihre Derivaten Händler zahlte, vermutlich als  Prämie für die erfolgreiche Zerstörung der grössten US Versicherungsgesellschaft will man diesen Armleuchtern weiterhin Steuergelder reinstopfen :

The WSJ: AIG in Talks for U.S. to Backstop Assets