Originally posted April 4 2008, "here" at the TrashDispatch.com.
Not just another traffic stop.
“Can we take your DNA Please?”
(you’ve Got to read this one!)
I did a report in Oct 2007 (America Vetoes G7 Dollar Crisis Alert!). At that time, the US Dollar was worth, $1.43 against the Euro. I just checked and TODAY it is only worth “$0.6354″. That’s down over 50% in less than 6 months. And what does President Bush say he’s gonna do about it? “No problem! We’ll just Print More money!” -that coming from his new Treasury Secretary/Fed Chief who also by the way, has introduced a plan to Merge all financial institutions (banks, S&Ls, Brokerages, Federal Reserve, …Insurance Companies!) and their governing agencies, all in under one roof just like they did with “Homeland Security”. In other words, Bush ain’t Less government. He’s PRO government!
Related:
- Feds and OTHERS give $200 billion to the Financial Markets
- U.S. Has Slid Into Recession, Economist Survey Says
- Gold Futures Soar Above $1,000 to New Record
More Related (off site):
- Paulson’s bailout may boost GOP’s prospects
Free-market Republicans may not like the fact that he’s meddling with the economy, but his efforts may serve them well come November ‘08, says Nina Easton. (Fortune CNN Money) - Paulson: Capital Markets Turmoil Is Priority (WSJ)
U.S. Treasury Secretary Henry Paulson spoke with The Wall Street Journal Saturday about his blueprint for improving the country’s financial regulatory structure. Here are some excerpts from the interview: - Why the Paulson Plan is DOA
Posted by: Michael Mandel on March 30 (BusinessWeek)
Let’s see. In the middle of perhaps the greatest financial upheaval since the Great Depression, Treasury Secretary Hank Paulson is proposing a change in financial regulations which basically amounts to a big wink to Wall Street. - Paulson to propose financial market overhaul
The Treasury department will unveil the plan which has been in the works for months in a speech on Monday. Plan not expected to be final before end of President Bush’s term. (CNN MONEY Last Updated: March 29, 2008: 9:14 AM EDT) - Paulson Plan Begins Battle Over How to Police Market (WJS)
The Bush administration’s plan to remodel the patchwork system of U.S. financial regulation, built piecemeal since the Civil War, is the biggest salvo in what will be a long-running debate about the role of government in financial markets. …In a sweeping proposal circulated over the weekend, Treasury Secretary Henry Paulson slaughtered a number of Washington’s sacred cows, proposing to merge or eliminate institutions of long standing including the Securities and Exchange Commission, and to create a controversial new role of Supercop for the Federal Reserve. Mr. Paulson will formally outline the plan — originally undertaken last spring to streamline bureaucracy, … - The Fed’s Regulatory Future (March 30, 2008, 11:29 pm WSJ)
How does the Fed feel about Treasury’s blueprint for a new regulatory structure? It depends partly on who you ask. By proposing to take the Fed largely out of the business of supervising banks, it creates more anguish for the 12 regional reserve banks than for the Board of Governors (”the board”) in Washington. - New Fed chief will face an economy with issues
By Sue Kirchhoff, USA TODAY
WASHINGTON — The Greenspan era has ended. Welcome to the Bernanke Fed. Even as retiring chairman Alan Greenspan was shepherding a 14th-straight interest rate increase through the Federal Reserve’s policymaking group Tuesday afternoon, the Senate was moving to confirm his successor: Ben Bernanke, 52, a former White House economic adviser, Princeton professor and Fed governor who faces the daunting task of following the man some economists call the most effective central bank chairman in history. - Henry M. Paulson, Jr.
Secretary of the Treasury (USTreasury.gov)
0 comments:
Post a Comment