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Palin Criticizes Fed, China In Speech In Hong Kong
9/23/2009 11:44 AM ET -- RTT news

Former Alaska Governor Sarah Palin gave a speech at the CLSA Investors' Forum in Hong Kong Tuesday, addressing numerous topics, including leveling criticism towards the U.S. Federal Reserve for creating asset bubbles and encouraging excessive risk-taking that hurt working-class Americans.

"How can we think that setting up the Fed as monitor of systemic risk in the financial sector will result in meaningful reform," Palin said. "The words 'fox' and 'henhouse' come to mind."

Palin said the message sent to companies by the Fed and the federal government was "the bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out."

In addition, Palin took the opportunity to call the Obama administration's decision to impose duties on Chinese tires a mistake, calling for more cooperation with China. At the same time, she expressed concern about some of the communist nation's policies.

"We simply cannot turn a blind eye to China's policies and actions that could undermine international peace and security," Palin said.

"China has some 1,000 missiles aimed at Taiwan and no serious observer believes that it poses a military threat to Beijing," she added. "Those same Chinese forces made our friends in Japan and Australia kinda nervous. China provides support for some of the most questionable regimes from Sudan to Burma to Zimbabwe."

She further added that the U.S. needs "China to improve the rule of law and protect intellectual property."

"In the end, though," Palin said, "our economic relationship will truly thrive when Chinese citizens and foreign corporations can hold the Chinese government accountable when their actions are unjust."

The speech marked the first time Palin has given a major public address outside of North America.

Palin resigned her position as Alaska governor back in July. She had been John McCain's running mate on the Republican ticket during the 2008 Presidential election, and the large amount of exposure she received during the campaign has led to some speculation that she may be planning her own run for President in 2012.