Friday, December 5, 2008

Paulson Capitulates In China

I noticed an interesting quote from Henry Paulson on the news wires today.

"Paulson also said that China has decided to allow foreign banks to trade bonds in China on the same terms as Chinese banks, among other agreements reached to further open up the country's financial sector."

If the U.S. now believes that to be a concession then it is a very clear indication of where they believe the financial grunt is to get the U.S. and the world out of this mess they created....from no regulation to tight regulation...An indication of a cave in by the worst American administration in history....and an indication of the biggest swing in economic and political power since 1945.

Also notice that George has bought a mansion in Dallas in the last few days...very appropriate.
Well that is what the White House said
"The president and Mrs Bush have purchased a home in the Preston Hollow neighborhood in Dallas, Texas, where they will live after the president leaves office in January 2009,"

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