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Posted on 10/07/2008 10:13:53 AM PDT by Grampa Dave
'Paulson's new 'Global Banking Corp.' IPO 2009
Forget Washington, forget Goldman: Our hero has global ambitions
By Paul B. Farrell, MarketWatch
Last update: 7:05 p.m. EDT Oct. 6, 2008Comments: 108ARROYO GRANDE, Calif. (MarketWatch) --
What if: Hank Paulson doesn't return to Wall Street and Goldman Sachs?
Builds a global banking empire?
Competes head-on with Goldman, Morgan, and other domestic and foreign banks? What if the money comes from offshore, from Asia and the Gulf? He's a red-hot brand! Expect a mega-IPO in 2009.
(Excerpt) Read more at marketwatch.com ...
Many are starting to realize that Paulson has sold out America via his Trillion $ bailout with handouts/ear marks to every liberal organization in America.
Some very serious comments and projections here.
Some very serious comments and projections here.
Paulson is a financial instrument trader in his core being...it is what he gravitates to especially in times of stress....
Some very serious comments and projections here.
I may be nuts but it seems to me that they, whoever they are, are trying to rip every dollar possible out of our economy.
My son has a mortgage with countrywide. A bank that is belly up and being sold. He got an offer for insurance from this bank today and he also got another letter offering him a consolidation loan. They say he must respond by Nov. 16.
Now how can a company that is out of business go around making loans?
I should probably ad that my son has had this loan for only 11 months, but he put down more than 20% and he has made every single payment and on time....a novel idea I know:/
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Actually, B of A bought out Country Wide.
Your son is apparently a good credit risk.
I posted yesterday that those of us with good credit ratings will be receiving great loan offers. This actually started this July and continues today and will continue.
The reality is over 90% of us are paying our mortgages on time, off our credit cards or on time and other debts. The non payers for the most part should have never gotten loans.
However for many deadbeagts the loans and now non payment were a form of reparations going back decades.
I knew Countrywide was sold, which is why I wonder how it can be makinng loans. Sell off all your toxic paper to the taxpayer, keep your mortgages that are good and go on as usual.
“handouts/ear marks to every liberal organization in America”
Don’t forget he and his lib friends in congress refused attempts to block bailout money from going to bailout foreign banks.
Taxpayers are going to provide “friendship” money to Europe.
“Don’t forget he and his lib friends in congress refused attempts to block bailout money from going to bailout foreign banks.”
Absolutely.
That was what the emergency really was all about. Paulson was trying to head off the economic downturns over seas after those companies bought the Fredie/Fanny Fraud/Wraps his past company and others sold them.
Look at WaMu, its new ads are bragging about the new owners.
“Sell off all your toxic paper to the taxpayer, keep your mortgages that are good and go on as usual.”
Actually that has been big business for banks since the end of the Civil War.
WE have a 15 yr mortgage with Wells fargo, are on our 11 1/2 yr with never a late payment. We get offers to refi daily thru Wells Fargo (lol), CITI, and Capitol One. Some others come in occasionally too.
There is money out there for people they know are gonna pay it back.
Un—frickin—believable.
The Boston Fed Bank proposed like good little social planners and general all around Masters of the Universe that, basically, banks should be forced to lend.
This was in 1992.
The head of the Federal Reserve Bank of Boston was Richard Syron, long time Democrat donor.
Flash forward to today, 16 years later.
Richard Syron was fired a month ago as the head of Freddie Mac, where in two years he managed to pull down 20 million dollars in compensation.
Nice, eh?
As we move ahead with this debacle.......we need to see SEC filings (and amended filings) to determine whether Paulson registered one or more offshore companies to “act as intermediaries between bailout entities and institutional agencies and investors to facilitate introductions and resulting investments.”
IOW government fraud, tax evasion, and money laundering.
The companies may have the same personnel listed at home addresses-—and might establish offices in offshore banking havens.
Notorious money-laundering havens include: Lebanon, Liechtenstein, Israel, Russia, India, Panama, the Bahamas, the Cayman Islands, the Cook Islands, Dominica, the Marshall Islands, Nauru, Niue, Panama, the Philippines, St. Kitts and the Grenadines, Cyprus, Gibraltar, Monaco, Antigua. Tortola, BVI.
Thanks, Phil for the great duo of pictures to go with my post.
“WE have a 15 yr mortgage with Wells fargo, are on our 11 1/2 yr with never a late payment. We get offers to refi daily thru Wells Fargo (lol), CITI, and Capitol One. Some others come in occasionally too.
There is money out there for people they know are gonna pay it back.”
Yes, there is credit for people with good credit ratings and a good history of paying it back. Not much credit for those with bad ratings and poor histories of paying back on time.
We should put this into a jar, seal it, and bury it for a couple of decades, and then open it to see how much came true.
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