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U.S. tab for European bailout hits $20 billion—and counting

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Yesterday, the International Monetary Fund (IMF) approved a whopping $36.7 billion bailout of the banks that are owed money by the government of Greece. Shockingly, U.S. taxpayers are on the hook for approximately $7.5 billion of the total. Currently, the U.S. has a total exposure to the IMF of $165 billion.  Although taxpayers fund 17.72 percent of the IMF, they are currently paying...