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Sarah Palin Slams Bailouts in Hong Kong Speech

4 years ago
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Former Alaska Gov. Sarah Palin reemerged onto the world stage yesterday as she gave her first paid speech since resigning from the governor's office in July.

Palin spoke to a meeting of investment fund managers in Hong Kong. Although the event was closed to the media, Bloomberg News obtained a tape of the speech and reported that Palin discussed the role of the Federal Reserve, U.S.-China relations and her objections to the bailouts of banks and other industries by the government.

On the bailouts, she said, "It sends the message that the bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out." She added, "Of course the little guys are left out then. We're left holding the bag, all the moms and pops all over America."

Palin also criticized the role of the Federal Reserve in overseeing financial markets. "How can we think that setting up the Fed as monitor of systemic risk in the financial sector will result in meaningful reform?" she said. "The words 'fox' and 'henhouse' come to mind."

Bloomberg also quoted her as taking China to task for its record on human rights, but also saying that it could be a valuable trading partner. "We need China to improve the rule of law and protect intellectual property," she said. "In the end, though, our economic relationship will truly thrive when Chinese citizens and foreign corporations can hold the Chinese government accountable when their actions are unjust."

One attendee left the speech early, saying Palin was "boring," but others found her "well spoken."

Twitter feeds from those who said they heard the speech offered additional details:

#Palin pushing "common sense conservatism -- a respect for history and tradition and common sense."

#Palin ties her lineage to Asia by saying todd is part eskimo.

#"nukular"!!!

Several of Palin's 900,000 supporters on Facebook weighed in on her speech. Dwayne K. Parsons wrote, "I'm just one more voice, Sarah. We need you. You've got the moral fiber so currently lacking in our government. May God bless you and carry you."

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