While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Henry M. Paulson, Jr., secretary of the Treasury, in an interview with the Wall Street Journal says, “The worst [of the credit crunch] is likely to be behind ss.”
Postscript: Barely four months later, Paulson was forced to admit that it was just beginning.
[restored 7/3/2024] Thanks to Chuck McGlawn for this entry.
Subsequent Events:
References:
Paulson Sees Credit Crisis Waning – WSJ.com
online.wsj.com/article/SB1210116/5229787226/1.html/?mod=hps_us_whats_news
A History of the Panic of 2008
www.freedomworks.org/sploads/crisis.pdf
Current U.s. National Debt:
