“We have a huge amount of money in the United States,” said Wen Jiabao, premier of the People’s Republic of China, back in March. “I request the U.S. to maintain its good credit, to honor its promise and to guarantee the safety of China’s assets.”
May 26th, 2009 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "Timothy Geithner"
America’s Debt Woes
Mr. Timothy Geithner was the man who was on watch when the ship ran aground. His job, as head of the Federal Reserve Bank of New York, was to keep an eye on Wall Street. Now, he’s come forward with a new $1 trillion plan to get the boat back on the water.
March 30th, 2009 | Bill Bonner | 5 comments | Continued