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This just in from the Wall Street Journal:
Wow!The head of the NY Fed becomes Obama's pick to lead Treasury."Change you can believe in!"What a joke...
Glad to see that the United States continues to outsource all its important financial decisions to Goldman Sachs!
Geithner was President of the New York Fed since 2003 - as a result, he sat of the FOMC while Greenspan was pushing the Fed Funds rate too low for too long. Geithner has a vote, but he never dissented. He is one of the 50 or so people who are directly responsible for the Global credit crisis.The bears will ravage the market when the realize that this is another retreat away from the Obama promise of "change."
I agree with all the above commentators! Absolutely!!!! I thought I was the lone wolf amongst a bunch of Obama sheep.Anonymous said: "The bears will ravage the market when the realize that this is another retreat away from the Obama promise of "change.""- If the bears ever believed his political rhetoric and ambiguity...
You don't need to be Nostradamus to see that this means more of the same.Pigmen rule OK ?
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