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Exactly and people instead of hopping on the banks sides should look at the facts. The facts are they donated heavily to obama. The facts are Paulson hearts obama. The facts are that people have been duped into believing the banks were not at fault because they were supposedly forced to make loans to unworthy borrowers but it was the BANKS who made up these loans. If they did not exist in the first place the govt. could not have bugged them to give them to people. The Banks privatized the profits and socialized the losses unto US the Taxpayers.

Hank Paulson feared there would be a run on the dollar during the early phase of the financial crisis when global concerns were focused on the US. When the crisis escalated and went global with the failure of Lehman Brothers in September 2008, the dollar rallied – but Mr Paulson had to grapple with a firestorm of financial failures.

He feared Goldman Sachs and Morgan Stanley would go down along with Washington Mutual and Wachovia.

“The timing could not have been worse since we were months or weeks from the election so you had the collision of markets and politics.”

Although a Republican, Mr Paulson found it harder to deal with John McCain than Barack Obama – raising the interesting (and unanswered) question of which candidate Mr Paulson voted for.

http://www.ft.com/cms/s/0/772748d6-0e94-11df-bd79-00144feabdc0.html

http://www.opensecrets.org/orgs/list.php?order=A

http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html

http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/

http://online.wsj.com/article/SB123146096981566339.html

Sure, I think it’s a monstrous example of how liberals universally achieve the opposite of their claims.

Liberals claim to use the power of government for the purpose of restraining the human inclination for corruption in capital markets.

What they have done is to open the flood gates of greed.