"Koi" you obviously haven't got a clue what you are talking about. British Airways used to (and probably still do) allow UK Citizens to live permanently in another Country outside of the EU (domiciled) being based and flying from there on 'G' reg aircraft. There are many more examples of this with other Carriers too.
In fact Fedex and UPS haven't "set up and Airline" here as you call it. Rather, they have bases here in Europe that they staff with FAA reg Pilots. Big deal, if we're going to say no to that, then every other Airline with outstations in Europe like say Air New Zealand, Cathay etc etc will have their Aircraft banned from Europe too.
BTW, Fedex and UPS don't ban non US Citizens from flying for them. As they state on their recruitment websites you have to have lived in the US for 5 years. Fair enough really.
As for your ramblings about the state of the US housing market and homeowners handing back their keys, it doesn't really deserve a reply. However, if you think that the UK's market is so rosy then have a look here.
Credit Crunch Forces Homeowners to Hand Back Keys
