Monday, September 29, 2008
Well?
Some experts are saying the real problem is that banks are refusing to lend money to each other.
Well, if Shotgun Paulson really wanted to solve the problem, he could order banks to lend to each other. As Treas Sec, he does have authority over banks.
He does not have authority to stick up the whole damn country at gunpoint and hand the loot to his good buddies at Goldman Sachs.
If this explanation of the problem is correct, we know everything we need to know about this "crisis".
It's not a "crisis" at all, but only an opportunity for Shotgun Paulson to further enrich his already filthy rich criminal cohorts while destroying this unfortunate land.
= = = = =
Interesting verification of the total divorce between Wall Street and the American economy in a local TV news website. KREM opened up a comments section on the bailout vote. The votes were 118 against Shotgun Paulson, 13 with him. There were about 30 comments, of which only two wanted Shotgun Paulson's plan. Those two were clearly in the stock business, as shown by their use of technical terms like "waiting for the mkts to clear". One of them candidly admitted "This plan should be implemented so I can keep my job." Fair enough if you admit it! ¶ 8:22 PM
Well, if Shotgun Paulson really wanted to solve the problem, he could order banks to lend to each other. As Treas Sec, he does have authority over banks.
He does not have authority to stick up the whole damn country at gunpoint and hand the loot to his good buddies at Goldman Sachs.
If this explanation of the problem is correct, we know everything we need to know about this "crisis".
It's not a "crisis" at all, but only an opportunity for Shotgun Paulson to further enrich his already filthy rich criminal cohorts while destroying this unfortunate land.
= = = = =
Interesting verification of the total divorce between Wall Street and the American economy in a local TV news website. KREM opened up a comments section on the bailout vote. The votes were 118 against Shotgun Paulson, 13 with him. There were about 30 comments, of which only two wanted Shotgun Paulson's plan. Those two were clearly in the stock business, as shown by their use of technical terms like "waiting for the mkts to clear". One of them candidly admitted "This plan should be implemented so I can keep my job." Fair enough if you admit it! ¶ 8:22 PM
