Friday, June 5, 2009

Geithner Goes Begging in China; What It Means to You …

"So this is what it’s come to: Our Treasury Secretary, Timothy Geithner, has to jet off to Beijing to beg for mercy from our biggest global creditor.

The bottom line? The balance of world financial power is shifting and not in a good way for America. Worse, I see no evidence that we’re doing anything about it! Instead, we get a bunch of happy talk and spin, with little or no action." [Money and Markets]

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