Where’s the Youtube video?????
He’s cracking up. Ben will win this battle, but Summers will win the war went he’s appointed Fed chair.
Turn yourself in Giethner, you owe us prison time for non-payment of taxes.
.....Chinese assets are very safe,” Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.
The Beijing-based Global Times greeted Geithner by publishing a survey of Chinese economists who called big holdings of U.S. debt “risky.”
Geithner renewed pledges that the Obama administration would cut its huge fiscal deficits and promised “very disciplined” future spending, possibly including reintroduction of pay-as-you-go budget rules instead of nonstop borrowing.
“We have the deepest and most liquid markets for risk-free assets in the world. We’re committed to bring our fiscal deficits down over time to a sustainable level.
“We believe in a strong dollar ... and we’re going to make sure that we repair and reform the financial system so that we sustain confidence,” he said.
The solutions to the American economy are really very simple....The Fair Tax....Zero Capital Gains Taxes....and an elimination of all mortgage debt....(if they can indemnify Goldman Sachs etc...they can indemnify the taxpayer.)...After 9 months you will double digit GDP growth.
However....for this to happen will require the 20th century socialists in side the beltway ....to “Let Go”......
I expect Baier to resign before the end of the year.
Let’s see here. Rahm Emanuel is known for his swearing when the pressure is on.
Now Geithner.
What a real class act - this administration.
Geithner loses his cool at regulators meeting: report
http://news.yahoo.com/s/nm/20090804/bs_nm/us_usa_treasury_geithner_meeting_2
It makes me nervous when the Secretary of the Treasury starts telling the various regulatory agencies they have to back the Hell off. What is he trying to hide? What is upsetting him so much?
I have zero confidence that the explanation is innocent.