This Paulson hearing is incredible.

[Joanne98]

What's he's basically saying is,,,,

Wall Street blew up the world's economy.

He did what he had to do to save it..

If he hadn't it would have been worse.

My question is WORSE FOR WHO?

We still have 6 million people with no jobs.

We still have foreclosures going up.

It's going to be a jobless recovery, according to Bernake, because high unemployment is good for the GDP!

And what the Hell. Bonuses are back so everything FIXED!

These people are sociopaths!

We will be back in another financial scandal in under three years. We'll be watching these hearings all over again because the banksters are HUMAN SCUM!

[PassingTimeHere]

1. Let me fix that for you:

We'll be watching these hearings all over again because the banksters are HUMAN SCUM and THEY OWN THE HUMAN SCUM IN CONGRESS.

[HughBeaumont]

2. Actually we have 14.7 million people with no jobs. Counted, that is.

6 million lost since the crash.

They're counting on the still-employed to buoy this economy. Problem is, since no corporation is announcing a "firing freeze", they're scared as babies they 'could be next'; therefore, they're hoarding and saving, not spending.

See, this is what happens when no one revolts and beheads greedy old Republican, laissez-fail, rich white men on chopping blocks to send messages to the spared like they should.

[Joanne98]

7. True.

[GiveMeFreedom]

9. chopping block?

I prefer modern technology. Faster and less labor involved.

[femrap]

3. We'll be in a worse mess

in less than 3 MONTHS!!!!

[unblock]

4. well, he's right that it certainly would have been much worse had they done nothing.

we would have seen MANY, MANY more bankruptcies and MANY, MANY more layoffs had they done nothing.

that said, there were alternatives that could have laid a far better foundation for recovery. most notably, starting up fresh banks with clean balance sheets rather than back-filling the giant holes dug by the banks who screwed up royally.

[DemReadingDU]

5. much worse for the banksters then

We people would always have layoffs, then and continuing now and in the future.

Eventually, the toxic stuff that is still on the bankster books, will come unwound causing the downfall of the big banks.

[Joanne98]

6. Yeah. That's what I was thinking. We could have let the big banksters fail

And gave the trillion to the little banks and they would have helped the businesses. We made a big mistake. What a waste of money!

[notesdev]

8. And what was Paulson doing all that time?

Why, he was the CEO of Goldman Sachs.

Things that make you go hmmm....

[nonlnear]

10. True, but...

It's not a conspiracy if it's plain as day!

[truedelphi]

11. Already there is talk that the only way to solve the damage that has been done to global economy

Will be by setting up a single international world currency.

By having some type of oversight committee on those goings on - with the new World Bank perhaps to be out of Switizerland.

And I am not talking about Alex Jones - I am talking about European market analysts! They suggest we bring in or make up some New Improved version of the IMF to oversee everything.

One such conversation (COmes in two thirds of the way through)
Part one
http://www.youtube.com/watch?v=VSwWy4E6I04


Part two
http://www.youtube.com/watch?v=ZoQrYa_NKQQ&NR=1