Apparently allowing Lehman to go bankrupt has been one of the biggest mistakes. The dominos are now falling. The whole world’s fate is now in the hands of a few people. I am praying that God gives them the wisdom necessary to stave off total disaster.
the US Treasury has been overwhelmed with requests from executives of other beleaguered sectors ....Mr Paulson does not believe that it is his job to help them. Rather, he is intent on addressing the root problems of the financial crisis
The root cause of the financial crisis is the belief that the US economy is the financial sector, which adds no value. It is the health of the rest of the economy on which the US will rise or fall. It sounds like Paulson is another self-conceited idiot.