non-objective money

Peter Namtvedt's picture

Heck of a Job, Hank

In July, Treasury Secretary Henry Paulson said of his plan to save Fannie Mae and Freddie Mac, "If you have a bazooka in your pocket and people know it, you probably won't have to use it." He threatened that we are one step from the abyss. He is the one who should take that step. The dollar is the Fed's but the problem is yours.