Can you say numbered offshore accounts, wire transfers, money laundering, government fraud?
Obama, Paulson, Geithner, where is the stimulus?
ITEM---As Treasury Secy, Henry Paulson, threatened US Senators with Martial Law if they did not vote him the $350 bailout billions. Paulson demanded the TARP be exempt from judicial, legislative, and regulatory review. $350B disappeared without a trace---and NO significant effect on the economy.
US Sen. Jim Inhofe (R-Oklahoma) announced that Congress was not told the truth about the entire $700 billion TARP bailout. "The American people don't know how much money Treasury Secy Henry Paulson has given away to anyone. IT COULD BE TO HIS FRIENDS. We don't know. There is no way of knowing.''
ITEM Paulson stationed Neel Kaskari (his right-hand man when Paulson headed Goldman Sachs) to "oversee" $350B TARP payouts. We still do not know in which G/S rathole these two secreted the $350B.
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Documents Reveal How then-Secy Paulson Forced Banks To Take TARP Cash
The business insider | 5/14/09
FR Posted 05/14/2009 by FromLori
Remember the infamous meeting when then-Treasury Secretary Hank Paulson had the heads of 9 major banks come down to Washington? It was then that he made them the offer they couldn't refuse. Take TARP cash, or else!
Now Judicial Watch -- the conservative watchdog -- has uncovered secret documents via the FOIA.
The first 1-pager is Paulson's talking points for the bank. It basically confirms that he put a gun to all their heads. It says they must agree to take their cash, and that if they protested, then each bank's regulator would force them to take it anyway.
The next document is perhaps even more mindblowing.......a one-page agreement whereby each CEO agreed to let the government make its preferred stock injeciton. Both the amounts of the injection, and the name of the bank, are just handwritten scrawl. (Excerpt) Treasury Participation Commitment Read more at businessinsider.com ...
GOOD stuff, Liz and maggief.
We need to save this thread.