Listen up Congress! Hank Paulson doesn't know shit!

[Raven]

Anybody who knows how to count and can balance a checkbook knows as much as Hank Paulson. Thinking that these guys are smarter than we are is what got us into this mess in the first place. Throwing lots of money at a problem is not necessarily the smartest way to solve it. Rushing around in a panic is definately not the way to solve it! A Harvard Business School MBA might get you a obscenely high paying job but it won't get you out of your own way or out of a phone booth. Congress needs to take some responsibility for what has happened here...yes, the Dems too. They've been on the finance and banking committees...let them all take a step back, a deep breath, and do some careful thinking. We have the time to make sure this is done right. It's in Bush's interests to rush things...that's the only tactic he knows. This is the man who sold us down the river and now he's going to make sure we drown. Fool me once, shame on you, fool me twice shame on me. Bush garbled that line, we should get it right. Congress, we need to take back our beloved Country...NOW!

[pansypoo53219]

1. butbutbut

he used to be one of these wall street. he knows how they think. which is WHY they needs golden parachutes!

[dkofos]

2. He also stands to loose a small fortune when his stock goes south.

[Raven]

3. I'll bet he got out of the market months ago. That would be a great

question to ask him, though.

[dkofos]

4. If he was smart he did. Never misunderestimate GREED!!

[unblock]

5. oh, he knows. the question is, who's side is he really on?

he's got a MOUNTAIN of restricted stock in goldman from his ceo days there.

they took over fnma/fhlmc in such a way as to trigger payout of their credit default swaps, resulting in aig's failure and a bonanza for goldman. hmmm.

they COULD have taken just 49.9% ownership and avoided triggering the credit default swaps, but they went ahead and took 79.9% instead. but i'm sure paulson did not have an eye on his mountain of goldman stock at the time.


WHY is our instinct to think that these people are acting to help "the economy"? they're not, they're acting to help themselves and their closest buddies. SOMETIMES that means improving the economy, and SOMETIMES a better economy is a coincident result. but the goal is always to help themselves and their buddies. when was the last time a republican threw themselves under the bus to help the economy?