Posted on 03/25/2009 10:17:37 AM PDT by FromLori
Either he supports this nonsense,
or he is desperate, desperate to keep China funding our deficits and buying our toxic paper,
or, he is positioning himself for a China job with big bucks soon.
He also can pitch for a Saudi job by claiming the “Lobby” is after him.
I'm afraid you're right, they are tryin' to crater the economy on purpose.
Treasuries fall after weak demand at 5 year auction.
Treasuries fell for a fifth day after an auction of $34 billion in five-year notes drew a higher-than-forecast yield, spurring concern record sales of U.S. debt are overwhelming demand.
The security drew a yield of 1.849 percent, higher than the 1.801 percent forecast in a Bloomberg News survey of eight trading firms. The U.K. failed to attract enough bidders today at an auction of 1.75 billion pounds ($2.55 billion) of gilts for the first time in almost seven years.
“This caught a lot of people unaware,” said Bulent Baygun, head of interest-rate strategy in New York at BNP Paribas Securities Corp., one of the 16 primary dealers that are required to bid at Treasury auctions. “Prior to the auction the Fed conducted its purchases of Treasuries, which may have compressed interest rates below where they would have been otherwise.”
If you guys ping this please put me on the list.
Please put me on the list we also should include somehow the story about him sending more power to the fed!
http://www.freerepublic.com/focus/f-news/2214314/posts
Congresswoman Michelle Bachman was told by
Geithner recently that he “categorically”
rejected the Chinese call for a global currency!
http://www.youtube.com/watch?v=E9DgMG-_6Ls
http://www.freerepublic.com/focus/f-news/2214523/posts
No policy retreat until recession surrenders: Yellen
Inflation fears ‘overdone,’ with greater risks of disinflation, deflation
WASHINGTON (MarketWatch) — The Federal Reserve won’t retreat from its innovative policy tools until the downturn is over, and fears that they will spark runaway inflation are overdone, Janet Yellen, the president of the San Francisco Fed, said Wednesday.
“I understand these concerns, but I don’t believe they warrant a retreat from our current broad approach,” Yellen said in a speech to an economist group in New York.
With its benchmark interest rate at zero, the Fed has been purchasing and lending against a wide array of financial products in order to combat frozen financial markets. The central bank’s balance sheet has already expanded to $2 trillion.
You have been added to the ping list. Link also posted on the website.
The List, ping
I know this is probably stupid but where do I go then is there something I am supposed to click on?
The website has links to all the articles. If you click on any description it will take you the article the title will take you to.
Thank you!
I gotta agree at this point. I can't see ANY circumstances where the Secretary of the Treasury of the United States would agree to give up the dollar being the reserve currency of the world, BY ACCIDENT!!
No way at all. That was done on purpose.
The Treasury Secretary has one single job. PROTECT THE DOLLAR! AT ALL COSTS!
If he can't do that then he needs to resign. PRONTO! BEfore he does any more damage!
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