" Golly Ben, bailing out hedges and other greedsters who bought Fannie frauds is hard work."
"Keep bailing, Paulson."
Posted on 10/14/2008 8:40:38 PM PDT by Inkie
The stock market has not run into problems because the government hasn't done enough to support the financial system. It has fallen off a cliff because monetary and fiscal authorities are doing the wrong things. America's two most powerful economic officials, both unelected, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson, embrace a 21st - century "New Deal," when our problems cry out for economic Darwinism. The Paulson - Bernanke prescriptions are the problem and the stock market knows it.
(Excerpt) Read more at econsense.blogtownhall.com ...
it’s a bit late to attempt to change what the framers of the u.s. constitution, hamilton and jefferson couldn’t resolve.
these positions resulted from developments in the first half of the 20th c.
now, president bush appointed bernanke and paulson.
mccain said paulson should be fired, indicating that if elected, he’d change the leadership.
Ya mean I wasn't really gonna lose my ATM card? /s
The solution is to let them fail.
Spot on.
He said Chris Cox should be fired. Last I saw, McCain was still saying he admired Paulson.
yes, you are correct!
but paulson is not popular among some.
Don’t leave Øbama off the list, wall street is not convinced Democrats are better for the economy, like the voters that may think that being presented as ‘know all’ by the media
If elected, McCain would be the leadership.
semantics.
I found an essay online by a German bank officer who thinks Paulson is running a corrupt game for the Downtown Boys (Goldman, Citi, Morgan Stanley et al.) from the Treasury Building. Muscling the European bankers and trying to enslave them for profit, juicing the world economy, etc. Pretty radical polemic. Went all the way back to 1907 for antecedents, claims American bankers have been inducing Wall Street panics for years, to fleece the public, and this is just the latest such back-alley move.
Guy isn't what you'd call a market technician. More of a story-stock kind of guy.
yes.
i saw a similar story, but didn’t give it much attention.
on the other hand, i read the wsj, ibd, nyt, and lat everyday and there are numerous criticisms of paulson in passing in articles.
the criticism seems to focus on the coziness of the goldman ex-employees now all over finance.
Eliminate the corporate tax, eliminate capital gains and interest and dividend taxation, cut the marginal rate, and fast track free trade deals. In short, do the opposite of what was done at the time of the Great Depression.
That wouldn’t surprise me a bit. After reading the book “Creature from Jekyll Island” I have never trusted the Federal Reserve to do the right thing by the people of the United States, but to server only their greed.
" Golly Ben, bailing out hedges and other greedsters who bought Fannie frauds is hard work."
"Keep bailing, Paulson."
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