Monthly Archives: February 2010

Beijing is not Washington’s Banker

What the Peoples Bank of China Can and Cannot do with its Foreign Currency Reserves February 22nd, 2010 by Michael Pettis China did not reduce its dollar holdings Beijing is not Washington’s banker Can PBoC reserves protect China? Balance … Continue reading

Posted in banks, bonds, currencies, economics, financial crises | Tagged , , , , , , , , , , , , | Leave a comment

Finally! A Bureaucrat I can Learn to Love.

Here’s a guy who finally understands his job. Let’s see if Pres. Obama understands his and get’s behind this guy. It still remains to be seen if the banks really do own Congress and are able to derail this upstart. … Continue reading

Posted in banks, financial crises, politics | Tagged , , , , | Leave a comment