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Bye-bye Wall Street and R.I.P., Hank Paulson Seeks to Crown Himself King vi
2008-09-23 21:33:00 So how about this financial crisis? I'm having a hard time thinking of what to say about it other than good-freakin'-grief, and a grammar school graduate could have seen this one coming. When our neighbors down the street were able to get a loan one year ago, even after it was discovered one of them had falsified--yes, falsified--her social security number (I think the family patriarch finally co-signed the loan). And the feds are snatching the underwear from fellow taxpayers to save those guys who get white-glove chauffeured to work on Wall Street, who packaged and sold mortgage-backed securities based on those toxic loans. SHEESH!28 years of deregulation, with the financial movers and the Republicans in bed with each other the whole time--and we folks on the bottom rung are left wearing fig leaves, soon to be bereft of $700 billion and a law that allows the US Treasury Secretary to do whatever he so chooses at any time. If Henry Paulson, formerly a good guy at Goldman Sa...
By: Tumerica
Hank Paulson, with a straight face: " I do not believe it is fair or accura
2008-04-01 07:55:00 And then of course he announces a ton of new regulations to make sure this mess doesn't happen again. And he adds "housing remains by far the biggest downside risk to our economy.". Yes, Hank, it is. Why? BECAUSE THE FED SCREWED THE POOCH AND LET THE MORTGAGE INDUSTRY RUN UNREGULATED AND OUT OF CONTROL EVEN THOUGH THEY WERE RESPONSIBLE FOR REGULATING THEM!He can give the Fed more powers to regulate, but if they don't do their f*cking jobs, it's just sweeping it all under the rug. I don't trust the Fed. The Fed is the enemy of the American people. And empowering them even more should scare everyone.If Paulson wanted some credibility with this plan, he should have blamed the Fed directly, thrown Greenspan under the bus, and said he was cleaning ship. But that's not what he did.Monkeys I tell ya. Monkeys. Ones that can't even get their story straight. Ones that won't take the blame. Ones that need to be shown the door.
By: Housing PANIC
Paulson, Bernanke: Coin-Operated Boys?
2008-03-18 05:46:00 This morning, Bloomberg interviewed commodities investor Jim Rogers from Singapore (Bloomberg video link here). The chairman of Rogers Holdings spoke with Bloomberg?s Rishaad Salamat over the telephone about the U.S. Federal Reserve?s actions to calm financial markets, JPMorgan Chase?s buyout of Bear Stearns for $240 million, and his investment strategy. While I talked ...
Seven years too late, Hank Paulson calls for nationwide licensing of the sl
2008-03-13 11:31:00 Where was the Bush Administration, the Plunge Protection Team and the Fed when we needed them? Day late and a few trillion dollars short I'd say.Talk about showing up at a bank robbery after the crooks have already fled..Paulson says US blueprint calls for stronger oversight of mortgage lendersTreasury Secretary Henry Paulson said Thursday that a presidential working group wants stronger regulatory oversight of mortgage lenders to avert the kind of credit crisis that is dragging the economy down.In a new Bush administration initiative that Paulson said is not about "finding excuses and scapegoats," a presidential working group set up in the wake of the 1987 stock market crash is calling for a series of actions designed to avert the kind of chilling housing and credit crunches that are threatening to throw the nation into recession - if it isn't there already.One recommendation calls for federal and state regulators to strengthen oversight of mortgage lenders and another urges sta...
By: Housing PANIC
President Discusses the Bipartisan Economic Growth Agreement VIDEO PODCAST
2008-01-25 00:58:00 With Secretary of Treasury Hank Paulson looking on, President George W. Bush delivers a statement on the Bipartisan Economic Growth Agreement Thursday, Jan. 24, 2008, in the James S. Brady Press Briefing Room at the White House. Said the President, "I thank the Speaker and I thank Leader Boehner for their hard work... and for showing the American people that we can come together to help our nation deal with difficult economic challenges." White House photo by Chris Greenberg President Bush Discusses the Bipartisan Economic Growth Agreement. FULL STREAMING VIDEO. James S. Brady Press Briefing Room Fact Sheet: New Growth Package Meets Criteria to Keep Our Economy Healthy 2:31 P.M. EST. PODCAST OF THIS ARTICLETHE PRESIDENT: This morning my administration reached an agreement with Speaker Pelosi and Minority Leader Boehner on an economic growth package. Mr. Secretary, thank you for handling negotiations. Appreciate your hard work.This agreement was the result of intensive discussions, m...
Hank Paulsons ARM Bailout: Swing and a Miss
2007-12-06 19:08:00 Hank Paulson is spearheading an effort that would freeze the interest rates on ARMs, in order to prevent home owners from going into foreclosure and give them 3-7 years until the buyer is ready to re-finance into a fixed rate mortgage.rnrnMarkham Lee, however, disagrees with this course of action as it doesn't address the fact that people purchased a home they couldn't afford and complicated the matter with an unsustainable mortgage. rnrnAlso, in many cases the banks don't own the mortgages that would be "frozen," investors do. That m
Hank Paulson must be reading my blog.
2007-11-30 13:44:00 He MUST have read my prior post titled 'Call me stupid and naive' as this was on the wires this morning. Good job Hank now sort out the currency as travel has become a killer. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Hank Paulson
2006-08-27 20:21:02 Henry "Hank" Paulson, CEO of Goldman Sachs, and now US Secretary of the Treasury was born in Palm Beach, Florida on March 28, 1946 (same year as the President.) With his birth time unknown, I have set this chart for Sunrise and in looking at the 24-hour period on this date, the Moon remained in Aquarius...so we have a Sun Aries-Moon Aquarius blend for Secretary Paulson. As the anarchist with |
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