Geithner to Middle East: Please Don’t Take Your Money Away

Posted on 13 July 2009 by Guardian Council
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Treasury Secretary Timothy Geithner will go to the Middle East this week to beg deep-pocketed oil investors not to withdraw investments from dollar-denominated securities.

His trip comes amid fears that growing fiscal deficits might spark inflation and devalue these investments. He will also discuss oil prices with major OPEC producers on the trip as well.

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