Seriously, this guy needs a muzzle. Obama's public support for his embattled SecTreas seems misplaced after Geithner publicly expressed his openness for the Chinese and Russian proposal to strip the USD of "reserve currency status". The dollar got mauled across every single currency pair before Tim was able to issue a correction that promptly caused a reversal.
A lot of day traders just got completely demolished, getting stopped out on the long side before getting whipsawed by Tim's clarification. Even the hint of the dollar losing reserve status would be disastrous, especially in light of the newly announced PPIP and other programs.
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