[Liz]

Paulson will not say who got $350 Billion TARP monies and what they are doing with it. WE DO KNOW Bernanke and Paulson give Merkin $8B TARP money (that we know of--could be more). Can you say secret offshore bank accounts?

Bernanke, Paulson, Merkin---salivating to divvy up the taxpayers' billions.

[pointsal]

Isn’t there a whistle-blower somewhere in the house?

[Lokibob]

I thought you were kidding with the headline. Google the definition of “MERKIN” (warning: adult content)

....Bob

.

[Just mythoughts]

I surely expect the liberals in WDC to investigate if their campaign coffers start to dry up. MSM can only contribute so many minutes in a day of charity work for these liberals. And if the liberal base can't get the Jerry Springer show and the evening worship of all Bama, TARP may well be called upon to fund boxes to the faithful.

[randita]

Here’s a good breakdown of the culpability of Wall St. in this mess. Speaker called them financial meth labs.

http://www.clipsyndicate.com/publish/video/801852/lessons_from_warren_buffett_fixing_the_economy

[silverleaf]

This such a small start. And these guys will
“resign” and segue into some Think Tank (probably with 6 figure incomes for writing papers to “advise” Bambi) plus ballooning golden parachutes that guarantees their personal wealth.

What about PAULSON!!!!!! Possibly the biggest hustler in US HISTORY??? and GREENSPAN? Is Alan’s 401K slipping away?
And these are two of Bush’s chief advisors on this Titanic journey of US adminstration...

From Karl Denninger- whistle blower extraordinaire:
http://market-ticker.org/archives/680-Is-Government-To-Blame.html

“Removal of leverage limits system-wide. Fannie and Freddie, when they blew up, were running at 80:1 leverage. Goldman Sachs CEO Henry Paulson, now Treasury Secretary, personally appeared in front of the SEC and Congress to ask that leverage limits on investment banks be removed.

He was turned down in 2000 under Clinton’s SEC and came back under Bush’s in 2004 and got what he asked for.

Every one of the institutions that has failed in this debacle was running leverage in excess of the previously-mandated limits by a factor of two or more and the last, terminal phase of the housing bubble could not have happened without this change in the law. For this Henry Paulson is DIRECTLY AND PERSONALLY RESPONSIBLE.”

And look who bullied the President and Congress to give him $700 Billion in 48 hours without debate or controls, and in totla disregard of public demand, and look who he’s given it to - and refusal by all to answer questions about how they used it

...the very banks ruined by PAULSON’s lobbying while at Goldman Sachs- for deregulation on leverage!!!!

and look who Paulson brought into Treasury to help run TARP. Another Goldman Sachs executive.

WHERE IS THE CONGRESSIONAL OVERSIGHT!!!!!!!!

as for Greenspan:
http://market-ticker.org/archives/680-Is-Government-To-Blame.html

” Deregulation of derivatives. Greenspan’s Fed (along with the CFTC, also under government control) permitted the writing of unregulated derivatives over-the-counter with absolutely no capital or margin supervision. Essentially-unlimited leverage was thus permitted, and AIG’s explosion (along with Lehman and Bear) was the result. Congress allowed this outrage, praising it as “financial innovation”, when in fact it was nothing other than bank robbery (literally) by deceit”

WHERE ARE THE CONGRESSIONAL HEARINGS?

[capydick]

Which Republican will have the balls to tie Rubin to the crooks in Congress? This country is seriously lacking a statesman or two.

[Carley]

Look for Rubin to be an unofficial, under the radar adviser to Obambam.

[reaganbooster]

Rubin doesn’t care, he’s rich. It p*sses me off these arrogant so called public servants rip off the system and they don’t serve jail time.

[Revolting cat!]

Rubin’s bailing out on CITI? Who’s going to move in to Rubin’s cube?