So which overseas government is doing better and how are they doing it? The Howard government did not forwarn us of the crisis coming although it began 15 months ago. Unfortunately the toxic loans were exported to us from America via our financial institutions who had excess funds to invest. Our sovereign fund also came about by too much money coming into the country. Fortunately we hung onto some of this money which is being used to bail out our economy. It was always going to end like this when the US mishandles the $US printing. I would like to know who has the funds that have disappeared over the years. A check of US treasury bond buyers may turn up some interesting names.
