Geithner Criticizes China
The US Treasury Secretary is meeting with Chinese authorities in an attempt to manipulate the Chinese trade variables to the US’ advantage. Financial Times reports that aside from complaints of keeping...
View ArticleThe Legal Ponzi Scheme: Social Security
“Investments” that pay profits not from capital gains but from new investor money are often referred to as Ponzi schemes. They are named after Charles Ponzi who ran an investment scheme in which he...
View ArticleTreasury Secretary Timothy Geithner Before The House Financial Services...
The supply and demand variables for Real Estate were greatly distorted by interventionist policies of the Federal Government and the Federal Reserve System. Guarantees for mortgages through FHA, Fannie...
View ArticleThe FHA Bailout for Banks: New Government Guarantees By Expansion of FHA Loan...
WTF Finance reported how the proposed solutions for dismantling Fannie Mae and Freddie Mac involve more Government. The two Government Sponsored Enterprises guaranteed trillions of mortgage debt and...
View ArticleThe Fairy Tale of the Profitable Bailouts
The main stream media continues to report the profitability of the bailouts. Tim Massad, assistant secretary at the U.S. Treasury Department was interviewed on CNBC. The assistant to Treasury Secretary...
View ArticleGeithner on US Debt Downgrade by S&P
The S&P credit rating agency threatened to downgrade the US debt rating as it put a negative outlook on the fiscal health of the United States. Not that WTF Finance depends on rating agencies as...
View ArticleTreasury Secretary Geithner Claims He Wants A Strong US Dollar Policy
During an appearance at the Council of Foreign Relations in New York, Treasury Secretary Geithner insisted that a strong US Dollar is in the best interest of the Nation and that as long as he is in...
View ArticleVice President Biden To Sweet Talk Chinese
At first it was Treasury Secretary Timothy Geithner, then President Obama, then Geithner followed up with with a second trip to China, then the United States sent Hilary Clinton to reassure the Chinese...
View ArticleChina Currency Policy Shift Will Expose Artificial US Economy
Official data from the People’s Bank of China shows the reduction of reserves to $3.18 trillion for the final quarter of 2011. This is a 0.6% negative growth rate for the last quarter of the year and...
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