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<title>Panic Time at the Fed
</title>
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<description>U.S. Treasury Secretary Henry Paulson&#x26;#x27;s blundering is becoming more breathtaking with each passing week. At the end of March he rolled out a grand plan to crown the Federal Reserve as the nation&#x26;#x27;s new financial stabilizer. The Fed a stabilizer? That&#x26;#x27;s who created the financial mess we&#x26;#x27;re in. If this wasn&#x26;#x27;t bad enough, Secretary Paulson then donned his cheerleader&#x26;#x27;s uniform and encouraged Beijing to let the Chinese yuan appreciate against the greenback. All the while favoring in this fashion a debasement of the U.S. currency, Paulson proclaimed that we should remain calm and confident because the economic fundamentals are sound....</description>
<author>Forbes</author>
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<pubDate>Wed, 30 Apr 2008 03:10:39 GMT</pubDate>
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