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 ...
yes, they can wait.
wsj today’s got an article by the ceo ken lewis of bank of america
wanting it pushed through, now.
Welcome to FR.
We can put Wall St. to work on Main Street. Give the bankrupt bankers jobs sweeping the streets of our communities.
So true. It became a national crisis when Goldman was on the precipice. LOL. We are some suckers in this country.
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.
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