Monday, December 01, 2008

More Wisdoms From Hank Paulson

Almost impossible to track all of his flip flopping and nonsense........But as long as they can still find enough foreign buyers to finance this "brilliant" piece of thinking....... Unfortunately it seems that Bernanke and the Fed has a similar kind of thinking...... Start the helicopters........

Fast unmöglich mit all seine ganzen "Wesiheiten" schrittzuhalten..... Aber solange die USA es immer noch schaffen diese "brilliante" Sichtweise zu finanzieren....... Dummerweise hat Bernanke und die Fed anscheinend eine ähnliche Sichtweise...... Zeit die Helikopter zu starten......

Bertrand Benoit FT - To the German radio presenter, the real news about the measures announced by Washington on Tuesday to jolt banks into lending again was not so much the astronomical costs, but a little-noticed comment in Hank Paulson’s statement.

“Millions of Americans,” croaked the US Treasury secretary, were being denied credit or facing rising credit card rates, “making it more expensive for families to finance everyday purchases”.

The notion that families should finance everyday purchases on credit, the anchor commented, “suggests Washington has still to understand what brought us there in the first place”.


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