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Paulson points finger at Moscow for plotting crisis in the US

Published: 01 February, 2010, 15:56
Edited: 05 February, 2010, 00:08


The former US Treasury secretary has accused Russia of trying to undermine the American economy shortly before the global recession.

 
13 COMMENTS
Bill Simpson February 01, 2010, 15:39 quote
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The question is, how did Paulson discover the Russian economic warfare plot. The Chinese warned him. That's how.

MEJanssen February 01, 2010, 16:23 quote
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Paulson is getting desperate to stay one step ahead of the guys carrying tar and feathers. He was no "victim" of the financial meltdown but was one of the architects. He is Mr. Goldman Sachs, after all, and he was so anxious to get the bailout passed in 2008 that he was literally on his knees before the Speaker of the House, begging that she would allow the bailout to be passed. GS came out very well after the bailout - all the other big banks plus AIG ended up paying them and GS had huge profits. I wonder what bonus Paulson got for his good work for the firm.

McCain February 01, 2010, 22:32 quote
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The Baltic States, Estonia, Latvia and Lithuania blamed Russia for alleged Soviet era occupation, now it’s the turn on US to blame Russia for their economic demise. How come Russia didn’t blame anyone when its economy defaulted during the nineties even though outside forces, particularly US, were heavily involved for the crises and the pillage which followed? This Paulson is a very funny guy, LOL.

Katrina February 02, 2010, 02:23 quote
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This is pathetic! I wish that Russia [for real] brings down the American war economy!

Rodrigo February 02, 2010, 04:53 quote
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The only responsible for the crisis is the US for the excessive waste of money just take a look how much money they are throwing away in the wars and they don't want to increase the taxes so the only way to catch money for there expenses is to print money and throw this money in to the deficit that's how this mess is all about, also when the chief of the fed in 2002 started to low the interest rates that means money for free the Americans start buying all they could buy even in if they can not pay for the goods and when Bernanke arrives to the Fed he climb the interest rates 3 to 4 percent-al points and that's the simple answer for this crisis, now the Americans can't pay for there extravagances as simple as that.

Zak February 02, 2010, 10:50 quote
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The true is that economic wars among all states going on always-non-stop but to blame Russia for today USA ec.problems is crazy....Usa spending 700 plus billions this year for millitary purpose which can be used to help American citizens to survive this economic downturn instead....So mr.Paulson please point finger in right direction-your governments and people like you!Usa enjoy 50 years after WWII but its time to wake up-happy times are gone and will never return...States like Russia,China,India,Brazil and others will do much,much better than you in the future....Thanke you!

Paul February 02, 2010, 12:34 quote
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Hitler in his last days started blaming everyone around him, including the German people, when catastrophe and defeat came. We see the same type of sad behavior from US officials. Once they paint themselves into a corner, they will lash out at everyone around them. They will look for scapegoats all around to excuse their failed policies.

mr5989 February 02, 2010, 16:08 quote
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Yes Paulson did have a conflict of interest with Goldman Sachs when he was the Secretary of the Treasury and having visited China many times while he was at Goldman make you wonder what he is trying to cover up.

Guenter Monkowski February 03, 2010, 08:05 quote
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Mr. Paulson is a crook, he threatened the US government with destroying the economy if he and his thugs at Goldman Sachs wouldn't get a bailout. Just watch the US bank landscape! In a few years we will see only one big investment bank. The way Britain and America lash out at UBS at the same time is to kill the one and only international working bank, a bank which has the technology to run business around the globe in real time.

armen08 February 03, 2010, 21:03 quote
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Let's say, just for a moment that Paulson's accusation is right. Is it abnormal for states other than the United States to pursue their interests and protect their economies when they see the American tornado coming right at them? Mind you, if Russia and China consulted about how to weather the approaching cataclysms, who can blame them? Can that be considered a plot to implode the American economy by any stretch of the imagination? Remember that Russia was one of the countries most affected by the US made financial meltdown. Let me add one more observation. Let us not forget that the main reason behind the economic downfall of Russia in the wake of the collapse of the USSR was no other country than the US. All the economic experts and neocon ideologues who were rushed to help Russia to transition to capitalism had one goal in mind: How fast to ruin the Russia's economy so that it will never be able to rise up again. And they almost succeeded in doing it with the help of the Yeltsins and the Gaidars. But we know better than that. Lies are the first resort of "successful" people like Paulson when they are caught in irredeemable failure.

MEJanssen February 04, 2010, 00:07 quote
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@ Katrina, Russia does not need to do a thing but just watch, as America collapses from our own incompetence and venality. Why should Russia get its hands dirty?

k.e February 04, 2010, 12:14 quote
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that is an impressive amount of desperation, but also of insignificance as Mr Paulson’s 'popularity rating' would challenge Bush's and Obama's at the moment. This is just noise. At times words alone have an effect. Think about how closely the world listens to every sentence of the Federal Reserve board meeting.. The interpretation…, that is a system. It’s not exclusive. people do that everyday.

Helene July 17, 2011, 20:07 quote
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These pieces really set a satdnard in the industry.

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