It is time for the Fed to quit hiding behind the worry about inflation, and cut interest rates. Cut them to ZERO if they have to. But it is PURE hypocrisy to even suggest that the Fed is making an effort to control inflation at the front door when they are shoveling it out the back door by the helicopter load. The Fed has completely lost control of the financial system, they as a bank themselves have imploded and become insolvent. The Fed must now be abolished.
An Exceptional Opportunity
By: Ted Butler
By: Ted Butler
When fear and emotion run high, as they presently do, it often creates exceptional profit opportunities. In other words, when everyone is running scared and is concerned about risk, it is precisely the time to look for rewards as well. We are currently positioned the best I have ever witnessed for risk and reward in silver. The downside looks extremely limited and the upside looks explosive. Yes, volatility is great, but everything is lined up perfectly.
Paulson turns to Goldman to unclog credit markets
WASHINGTON (AP) -- Treasury Secretary Henry Paulson turned to a familiar source when he picked a director for the government's $700 billion bailout program: his former Wall Street firm, Goldman Sachs.
Neel Kashkari, a former Goldman executive who has worked with Paulson at the department since July 2006, was chosen Monday as the interim head of the government's unprecedented effort to unclog the credit markets.
Kashkari, who was a vice president in Goldman's San Francisco office before joining the department, is one of four former executives from the firm now working feverishly to resolve the financial crisis.
Paulson also leans heavily on former Goldman Sachs executives Dan Jester and Ken Wilson, both financial institutions bankers, and Steve Shafran, who focused on corporate restructuring while at Goldman.
Congress needs to immediately begin an investigation of Hanky Panky Paulson and Goldman Sachs. This high finance nepotism and theft of our nation's wealth must be stopped dead in it's tracks. Goldman Sachs has been far to insulated from this financial crisis. It is becoming abundantly clear that an "insider trading" conduit between the Treasury and Goldman Sachs is robbing this country blind. The Treasury Department must be purged of any ties to Goldman Sachs immediately. THIS is the Crime Of The Century.
No comments:
Post a Comment