Taking Stock of Henry Paulson

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  Posted By: xcharliex @ 11/16/2008 7:57:14 PM

  If you would like a break from being angry about all this, this pretend interview (below) of George Bush with regard the bailout by two Aussie political comedians gave me a good chuckle (it has a 5 star rating on Youtube so I can't be the only one). They make some good points while poking fun at Bush???s comments a few months ago that the financial system was ???basically sound??? and this less remembered comment???.
  "The government's role will be limited and temporary," Bush pledged.
  http://www.youtube.com/watch?v=kUexsBNd96Y&feature=related
  They play different characters and here's two more concerning the financial crisis that I enjoyed...
  http://www.youtube.com/watch?v=OQsBGxhbYl4&feature=related
  http://www.youtube.com/watch?v=LLlzcPgCYSk&feature=related
  
  

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  Posted By: xcharliex @ 11/16/2008 2:26:00 PM

  I don't understand how Paulson has any "reputation". Events long ago have proven him a grossly over-paid no-hoper at Goldman Sachs. Under his leadership (along with its $600 million pay packet) it made or continued to make all the reckless mistakes that would probably have seen it bankrupt already, if not for huge unwise, unjustifiable (Chapter 11 is there for a reason and it works!!!) taxpayer bailouts . No wonder he approved the AIG bailout (where Goldman was exposed for $20 billiand n plus) pleaded on his knees for the $700 billion bailout, as otherwise a Goldman's Bankruptcy bankruptcy would probably have seen him having to testify and defend his tenure at Goldman, like former Enron executives. Thus his clear conflict of interest is understandable, but his lack of ethics in not ignoring it, to give honest work for his new employers (tax payers) or act in the patriotic best interest of his country is 100% disgraceful, insidious and despicable. Paulson is to this crisis, as another Bush appointee"Browny" was to Katrina, but what is far worse as his failing are not incompetence, but are deliberate and insidious. Apart from Bush himself, the mainstream media roundly condemned Brown and he was quickly removed, however Paulson is getting with a calculated cold-blooded murder of America's future! What I can't work out is why, unlike Brown, the media is this case has been silent and complicit, instead of long ago been baying for this guy's head???

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  Posted By: Lascoma @ 11/16/2008 8:25:51 AM

  More then anything, Paulson himself along with the megalomaniac, compulsive-obsessive, sociopath, with his divine religious mandate, being the messenger of god, the decider in chief, his total BS economic, is a problem then the solution. Simply, the flawed economical system just cannot not be fixed with flawed schemes of using taxpayers money to bailout these private financial institutions, businesses, that are owned, operated and managed in secrecy and the dole outs not subject to any oversight or transparency. It is a double whamy in that these finanical institutions are deregulated in the first place and they are subject to no reulations as to how they use these public funds.