Secretary Paulson Kissingers the Middle East


"I am committed to promoting policies that enhance the underlying competitiveness of the U.S. economy and ensure that the dollar remains the world's reserve currency," Paulson said in a speech to the U.S.-U.A.E. Business Council, which was the final stop on a four-day tour to the Middle East to reassure regional leaders that the U.S. still welcomes their investments.

"I have met with many leaders from the Middle East who ask if the United States really continues to welcome foreign investment," said Paulson. "Some here worry about growing protectionist sentiment in the United States, and they also worry specifically that U.S. sentiment toward Middle East investment has been permanently affected by the Dubai Ports World case.

"We reject measures that would isolate us from the world economy," Paulson said.

TRANSLATION: THE US NEEDS YOUR BILLIONS.
The value of bank stocks in aggregate is about where it was at the height of the Bear Stearns Debacle. And Kudlow talks about GoldiLox?

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