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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade11/13/2008 5:53:07 PM
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bloomberg.com

Paulson Credibility Takes Hit With Rescue-Plan Shift

"The latest blow was his announcement yesterday that the Treasury is abandoning his plan to buy devalued mortgage assets - - the one he unveiled dramatically just eight weeks ago, and defended against congressional and market skeptics.

`A Flip-Flop'

``This is a flip-flop, but on the other hand, when they first proposed the thing, they didn't really know what they were doing,'' said Bill Fleckenstein, president of Fleckenstein Capital Inc. in Seattle and author of the book ``Greenspan's Bubbles.'' Paulson has pushed some ``cockamamie schemes,'' he said. ``So one has to ask, does he have any clue?''

...more

The bail out will shift to consumers finally....
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