” But the change is phony, he warned. Obama “will put several nails in the coffin,” he said. “We’re going to get more of the same, only worse.”
Also stated in the article above.
"The China connection to Goldman Sachs figures prominently in the current crisis. Because China owned $376 billion of Freddie Mac and Fannie Mae paper, it played a big role in the financial crisis, and Treasury Secretary Henry Paulson, with his own personal and financial ties to China, admittedly tried to reassure the Chinese through this process that their investments would be protected. They are being “protected” in the sense that the American taxpayers are now on the hook for these government mortgage companies, which have been nationalized."
OBAMA CHANGE IS PHONEY
Peter Schiff says:
” But the change is phony, he warned. Obama “will put several nails in the coffin,” he said. “We’re going to get more of the same, only worse.”
Also stated in the article above.
"The China connection to Goldman Sachs figures prominently in the current crisis. Because China owned $376 billion of Freddie Mac and Fannie Mae paper, it played a big role in the financial crisis, and Treasury Secretary Henry Paulson, with his own personal and financial ties to China, admittedly tried to reassure the Chinese through this process that their investments would be protected. They are being “protected” in the sense that the American taxpayers are now on the hook for these government mortgage companies, which have been nationalized."
This is a terrific article.
It should be reprinted in every U.S. newspaper, but of course, it won't.