"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, October 26, 2005

The White House cabal ... exposed

By Lawrence B. Wilkerson, who served as chief of staff to Secretary of State Colin L. Powell from 2002 to 2005. LA Times

IN PRESIDENT BUSH'S first term, some of the most important decisions about U.S. national security — including vital decisions about postwar Iraq — were made by a secretive, little-known cabal. It was made up of a very small group of people led by Vice President Dick Cheney and Defense Secretary Donald Rumsfeld. ….

But the secret process was ultimately a failure. It produced a series of disastrous decisions and virtually ensured that the agencies charged with implementing them would not or could not execute them well.

I watched these dual decision-making processes operate for four years at the State Department. As chief of staff for 27 months, I had a door adjoining the secretary of State's office. I read virtually every document he read. I read the intelligence briefings and spoke daily with people from all across government. ….. complete article here

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