Key House Democrat: Japan forex move 'deeply disturbing development'

Discussion in 'Wall St. News' started by ASusilovic, Sep 15, 2010.

  1. WASHINGTON (MarketWatch) -- Rep. Sander Levin, the chairman of the House Ways and Means Committee, on Wednesday called Japan's intervention overnight in the foreign exchange market to weaken its currency "a deeply disturbing development." Levin, a Democrat from Michigan, said his panel will closely monitor the yen's value relative to the dollar. Levin made the comment at the opening of two days of committee hearings into the foreign exchange market, specifically focusing on exchange rate of China's currency versus the dollar.

    Ha, ha, ha. LOL ! :D
  2. From Michigan.....hmmmmm. GM, Ford, versus Toyota.
  3. "Begun the clone ( currency) wars have"


  4. Chinese currency manipulation- Congress bangs chest and goes on tirade

    Japanese Currency manipulation-Congress says its "disturbing development"

    Al Qaeda bombs NYC-Congress says its "Terrorism"

    Al Qaeda blows up bus full of chinese schoolchildren in Xinjiang province of China-Congress lauds the "freedom fighters"
  5. We can do the same, print a shit load of dollars fighting fire with fire.
  6. The move has already attracted criticism from Europe. Luxembourg Prime Minister Jean-Claude Juncker, who chairs the Eurogroup of euro-zone finance ministers, complained to reporters in Switzerland that unilateral moves were not an “appropriate” way to address global imbalances.

  7. poyayan


    Don't we have QE2 lined up already? :)