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orchestrated solely by the eu and their money or will american taxpayers in the end be the ones left footing this bill? joining me with analysis the host of varney and company stuart varney and democratic strategist, penny lee. good to see you both. wait a minute, first of all obama lecturing people on debt is laughable. correct. sean: are we going to foot the bill? we ve already started. this trillion dollar bailout of the europeans has not yet been approved by legislatures in europe. they needed money quick. whose money went right in? american people. it was american dollars funded byç the federal reserve, with the so-called currency swaps. we are driving this bailout and financing it in the early stages. sean: the big picture it is not just greece it is going to be greece, maybe great britain, maybe spain, portugal. what other countries? entitlement economies in europe are going un. they are bankrupt. they cannot pay the bills.

Penny leeIn the endStuart varneyPresident obamaDollar bailoutà the federal reserveIn europeCurrency swapsEntitlement economiesThe big pictureGreat britain