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Wall Street Can Wait
http://www.thefinancialskinny.com/politicsandmoney11.html ^

Posted on 09/26/2008 5:45:47 PM PDT by Tampa

Treasury Secretary Hank Paulson is the former CEO of Goldman Sachs. He didn't have a problem letting Bear Stearns go down the tubes. He sat and watched while Lehman Brothers went belly-up. It wasn't until the short sellers got around to attacking Goldman Sachs that he decided there was a crisis of potentially catastrophic proportions and that the taxpayers needed to ante up $700 billion to save his old buddies on The Street.

(Excerpt) Read more at thefinancialskinny.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: bailout

1 posted on 09/26/2008 5:45:47 PM PDT by Tampa
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To: Tampa

yes, they can wait.

wsj today’s got an article by the ceo ken lewis of bank of america

wanting it pushed through, now.


2 posted on 09/26/2008 5:49:48 PM PDT by ken21 (people die and you never hear from them again.)
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To: Tampa

Welcome to FR.


3 posted on 09/26/2008 5:51:10 PM PDT by BGHater (Democracy is the road to socialism.)
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To: Tampa

We can put Wall St. to work on Main Street. Give the bankrupt bankers jobs sweeping the streets of our communities.


4 posted on 09/26/2008 5:55:02 PM PDT by PGalt
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To: Tampa

So true. It became a national crisis when Goldman was on the precipice. LOL. We are some suckers in this country.


5 posted on 09/26/2008 5:56:36 PM PDT by Harry Wurzbach
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To: Tampa
ACT NOW!!!

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DON'T ALLOW THIS AMAZING CHANCE TO THROW MONEY DOWN A DEEP DARK HOLE PASS YOU BY!!!!
6 posted on 09/26/2008 6:00:43 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: Tampa

I’ve been telling my co-workers for some time to sit on cash until GS goes under because they’re the big dog and the bellwether. I absolutely agree with you; the Banksters take care of their own.

Karl Denninger has a solution that, to me, looks better than anything else I’ve seen.

Here’s a link to his blog post.

http://tinyurl.com/4ht4ns


7 posted on 09/26/2008 6:26:25 PM PDT by VR4 (Remember, Only YOU can prevent low tires.)
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