Sarah Palin on the Fed

http://www.futureofcapitalism.com/2009/09/sarah-palin-on-the-fed

The former governor of Alaska and Republican vice presidential candidate, Sarah Palin, told fund managers in Hong Kong that giving the Federal Reserve more power to regulate systemic risk is a bad idea. "The words 'fox' and 'henhouse' come to mind," she said, according to a report by Bloomberg. She also criticized the bailout that her running mate, Senator McCain, suspended his campaign to go get passed. The bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out," Palin reportedly said. "We're left holding the bag, all the moms and pops all over America." She was also critical of Communist China for aiming missiles at Taiwan and for supporting "some of the most questionable regimes from Sudan to Burma to Zimbabwe." Hong Kong may make some sense as a venue from which to criticize China, but if Ms. Palin wants to speak out about American economic policy, it might make more sense to do it before an American audience. The message might even resonate, no matter how polarizing some may find Ms. Palin to be as a messenger.

by Editor  |  Sep 23, 2009 at 10:19 am Related Topics:  Banking, Capital Markets Regulation, China, Federal Reserve receive the latest by email: subscribe to the free futureofcapitalism.com mailing list