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Craig Roberts, Former Assistant Treasury Secretary has interesting comments on the bailouts, the dollar, and Goldman Sachs
This Link is located in the Public Channel Mish's Global Economic Trend Analysis.
 Posted by MyPropsMonkey 247 days ago (globaleconomicanalysis.blogspot.com).  Views: 14
Tags: wall street  economics
Related Tags: finance  stocks  business  video  politics  forbes  infesting  credit crisis  
Here is an interesting clip from a very outspoken Former Assistant Treasury Secretary on the bailouts, the dollar, and Goldman Sachs.

....

Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will resort to next.

Max Keiser: Quick question. What should the Treasury Secretary be doing?

Craig Roberts: He should be trying to save the dollar as the world's reserve currency which means stopping the wars, reducing the bailout money, and trying to reduce the trade and budget deficits in order to save the dollar. That's what he should be doing.

Max Kesier: Does the treasury secretary work for the people or does he work for the banking system on Wall Street?

Craig Roberts: He works for Goldman Sachs.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post ListMike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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Must Reads Wednesday, June 3, 2009
This Link is located in the Public Channel Contrarian Stock Market News and Views.
 Posted by lucretius 283 days ago (contrarianprofits.com).  Views: 8
Tags: stock market news  contrarian investing  financial ideas  stock ideas
Why there’s a lot more pain to come in the US housing market [PDF] T2 Partners  Speculative bets against the dollar highest since July Mish’s Global Economic Trend Analysis  Tim Geithner still can’t sell his house AP  Another reason to hate [More...]
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