Risk Rap

Rapping About a World at Risk

Paulson Carries the Olympic Torch

During last weeks US Senate Banking Committee hearings on the Bear Stearns bailout Treasury Secretary Henry Paulson had to send a deputy because he was in Beijing tutoring them on the finer points of high finance.

Paulson could probably call China his second home. He is reputably an avid bird watcher and China has some of the best displays of avian pomposity in the world. I have read estimates that he has visited China over 50 times under the guise of eco tourist, investment banker and now head of treasury.

I surmise that most of his trips these days concern how to manage the relationship between the largest economic superpower and the world’s fastest growing economic superpower. Mundane subjects like the sinking dollar, letting the Yuan float and reinforcing the message of America’s and China’s symbiotic dependency are topics of mutual concern.

You Tube Music Video: Olympic Theme

Risk: Political, Moral, Currency

April 13, 2008 Posted by | Bear Stearns, China, Paulson | , , , | Leave a comment