Replies

1 posted on 07/16/2009 1:41:00 PM PDT by Ernest_at_the_Beach

From NY Times:

Live-Blogging Henry Paulson on Capitol Hill

***************************EXCERPT*****************************

Former Treasury Secretary Henry M. Paulson Jr. testified before Congress on Thursday about his role in persuading Bank of America to complete its acquisition of Merrill Lynch. Zachery Kouwe of The New York Times live-blogged the hearing on DealBook, with the most recent posts at the top.

2:56 p.m. | It’s a Wrap: The hearing is adjourned. Maybe Mr. Paulson can still make that 4:45 flight.

2:51 p.m. | Bair and Cox Next?: In his closing remarks, Mr. Towns asks how Merrill’s losses went from $9 billion to $20 billion in such a short amount of time late last year. Mr. Paulson says he simply doesn’t know how Merrill’s losses accelerated so quickly. “I saw and witnessed things I never had seen before,” he says, referring to the state of the markets at the time.

Mr. Towns says the committee needs to hear from Christopher Cox, the former chairman of the Securities and Exchange Commission, and Sheila Bair, the chair of the Federal Deposit Insurance Corporation.

2 posted on 07/16/2009 1:45:22 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)

To: Ernest_at_the_Beach

Paulson and Bernacke would be under indictment in the Dept of Justice wasn’t totally corrupt.

4 posted on 07/16/2009 1:52:17 PM PDT by Seruzawa (Obamalama lied, the republic died.)

5 posted on 07/16/2009 1:55:39 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)

To: Ernest_at_the_Beach

As our illustrious elected officials in DC helped to cook and then ate every bit of crap that was then regurgitated by team Paulson begs the question; How does one say “too late” in DC speak? Answer: F U, fools!

7 posted on 07/16/2009 2:00:49 PM PDT by drypowder

To: Ernest_at_the_Beach

OK, how many stories can there be where Congress says “we don’t know what’s going on” before the American people start to acknowledge that they don’t?

8 posted on 07/16/2009 2:03:43 PM PDT by hometoroost (Torture? Would you rather do 5 years at Gitmo or 5 hours with the Muslims?)

To: Ernest_at_the_Beach

As the economy worsens, Congress is going to keep looking for scapegoats. Limbaugh fizzled. Bush isn't answering critics. Palin is now gaining sympathy w/ the public.

Bush's Sec. of Treas? He's up next.

9 posted on 07/16/2009 2:22:09 PM PDT by what's up

To: Ernest_at_the_Beach

If you need any more proof that Congress, the inmates, are running the Asylum, you’re not paying attention.

14 posted on 07/17/2009 9:22:36 AM PDT by the invisib1e hand (What can a white male do but ask himself, "What would a Wise Latina do?")

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