Paulson’s Goldmen

Yes, but it should have gone further.
Paulson should have done the right thing and resigned when this crisis broke. In any Parliamentary system the "Minister of Finance" would have had to do the honorable thing and resign as he failed to see, (or chose to ignore) the looming crisis.

Resignation facilitiates a new team coming in with the credibility to fix the problem. Paulson has neither the right team nor the essential credibility necessary to fix the probelm.

Has Paulson ask anyone on main street in Eufaula,Ok or Eufaula, AL for advice? Well, there's his problem. You knuckleheads need to get through dead economic brain, it's main street that drives this freaking economy, not Warren Buffett.

Wall Street and the Subprime Sting
WilliamBanzai7

Doyle Lonnegan: Your boss is quite a card player, Mr. Kelly; how does he do it?
Johnny Hooker: He cheats.
(From the Sting)

"This Sucker Could Go Down" "W"

It is ironic, that on the weekend that arguably
the greatest confidence game of all time is
reaching crescendo in Washington in the form of the
mother of all
Wall Street bailouts, Paul Newman, the star of The Sting,
the greatest Confidence movie of all time, has passed on.
In the Sting, Newman plays Henry "Shaw" Gondorf, a master con man who
orchestrates the greatest con until September 2008.

The Sting is chuck full of gangsters, incompetent cops, grifters,
colorful schemers, con men, marks
and shills, and keeps you on the edge of your seat straight though to its conclusion.
Just like the Great Subprime Swindle of 2008, there are
twists and turns galore, and you don't know how it
is going to until the final 10 minutes.

Welcome to the Great Subprime Swindle of 2008.
We are barely into what could not be a more fitting sequel to
the Sting.
In this new episode, the Wall Street gang succeeds
in conning Main Street USA out of its real
estate/retirement nest egg by
employing thousands of mortgage brokers, investment banking con men and
dubious ponziesque securities called collateralized Debt
Obligations and Credit Default Swaps. Like the Sting, the cast
is chuck full of colorful characters like Alan (the "Maestro") Greenspan, Dick (the "Gorilla") Fuld,
Maurice "Hank" Greenberg, James "Jimmy" Cayne
Henry "Hank" Paulsen and
Ben Bernanke (who will soon be known as "Father Moral Hazard"). What is it
with gangsters, con men, bankers and
nicknames? In the plot we get to watch innocent
bystanders a dopey mark like
AIG and now the American taxpayer, get conned and swindled out
roughly $700 Billion USD, no one knows for sure. As
in the Sting, the key stone cops (the SEC), show up
long after the action has taken place. Unlike the Sting,
there is no Shaw character to exact poetic justice against
the Wall Street gang.

One hundred years ago a man named Franklin Keyes, Esq.
(you guessed it, a Wall Street lawyer) published a tract
titled: "Wall Street Speculation, Its Tricks and Its Tragedies".
In it he says: "Wall Street is dominated by some of the brainiest
and shrewdest men in the country, natural born sharpers and schemers,
and before the average man can get the better of them,
except through the merest chance,
he will have to eat brain food for a long time."

Nothing could be further from the truth.

Paul Newman, you're than man, rest in peace.

If Democrats get in office rise taxs till it hurts. Ronald Reagan words.Deficit under Republicans 11 Trillon Dollars,up five trillon in seven years.Middle class got Middle finger.Now another trillion to fat Barrons.In 2009 American people need a Bail out of One Trillons Dollars and don't tell me you can't find it.Print more dollars like the republicans do,Who cares if the dollar go to 70cent value or 50centITS BETTER THAN NOTHING.

Its time for the Congress to take actions to protect bank depositors by increasing available fund of FDIC for rescue of banking failure. Also, it is time to pass laws to restrict risky mortgage and large credit card loans by all financial institutions, which is the root cause of recent financial turmoils.