I hope I don’t get flamed, but only when Goldman Sachs saw its share price fall last week did Treasury Secretary Paulson decide that the government “had” to bail out Goldman. Make no mistake about it, Paulson’s cronies at Goldman called him up and pleaded for government intervention. Screw Paulson and the Dems that run Goldman Sachs:
http://online.wsj.com/article/SB122266132599384845.html?mod=rss_markets_main
“Back in New York, the situation at Morgan Stanley and Goldman Sachs was worsening rapidly. In the middle of the trading day, at about 2 p.m., Morgan Stanley CEO John Mack dispatched an email to employees: “What’s happening out here? It’s very clear to me — we’re in the midst of a market controlled by fear and rumors.” By the end of Wednesday, employees at Morgan Stanley and Goldman were shell-shocked. Morgan Stanley’s shares had fallen 24% to $21.75 while Goldman, the largest investment bank by market value, fell 14% to $114.50.
By Thursday, Messrs. Paulson and Bernanke decided that the fallout presented too great a threat to the financial system and the economy.”
“