Read the Sarah Palin Hong Kong speech transcript below. Former Alaska Governor Sarah Palin gave a speech to fund managers in Hong Kong to attack the Federal Reserve for encouraging excessive risk-taking that led to the downfall of the economy. Palin blamed the Fed for the troubles that working class Americans face today.

The former Vice Presidential candidate trooped to Asia and delivered her 80-minute speech to talk about a host of issues, including the US economy and the controversial Barack Obama health care program. Obama appeared on the Late Show with David Letterman and other TV shows to promote his proposed health care plan to viewers.

More details on the Palin speech transcript below. Sarah Palin spoke to a full house in the main ballroom of Grand Hyatt hotel in Hong Kong. About how the Fed protects multinational companies, she stated:

“…The bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out. Of course the little guys are left out then. We’re left holding the bag, all the moms and pops all over America.”

She also criticized the United States president’s plan to give the Fed high authority to monitor the conditions of the financial system, especially since a financial meltdown last year led to $1.6 trillion in bank losses and incited a global economic recession. Palin added:

“How can we think that setting up the Fed as monitor of systemic risk in the financial sector will result in meaningful reform. The words ‘fox’ and ‘henhouse’ come to mind.”

The Palin Hong Kong speech transcript is the former Alaska governor’s first major public appearance since resigning as Alaska governor on July 26. Sarah Palin ran with John McCain, who lost to Barack Obama in the presidential race.