Paulson makes case for reforms:WashPost,7/3/08

Page D2: Treasury Secretary Henry M. Paulson Jr. said the United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence. In a speech in London, Paulson said tht US Federal Reserve needs sweeping new powers that would make it easier to get information on financial institutions - and to intervene if necessary. My comment: Such is the expansion of the public sector over the private sector,the mix of both sectors. Sino-American Economics re stragetic economic dialogue would strengthen the public sectors over the private sector in US-China economic relations. Reflecting American history,the New Deal under FDR was a case in point for the wellbeing of the people in the United States. I have reason to believe that a new president after January 20, 2009 would stress the public sector for the wellbeing of the people in USA. Today is July 4th,National Holiday in USA for Americans deserving life,liberty and pursuit of happiness with decent living. Nobody would impugn,indeed!
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics to promote Sino-American Economics for the mutual benefit of two great nations with understanding of economic resources to be shared for globalization in the 21st century. At 6.35 a.m.