Thread: Treasury Secretary Hank Paulson pulled another fast one on American taxpayers.

Treasury Secretary Hank Paulson pulled another fast one on American taxpayers.

Next, at the invitation of GwB, Hank skipped over to the US Treasury, where his months of failures to act made things worse. When the World Economy had festered to the point of near collapse-- a week before Congress was to go home to hit the Campaign Trail -- Hank laid a 3-page Bailout Plan before them, and said, "take it or leave it." BTW, if you don't take it -- while you're out of Washington -- the World as you know it will collapse. There will be Rioting in the Streets of America, requiring us to declare Martial Law.

Obediently, Congress swallowed Hank's Bailout Pig, whole.

This is by nature, a dictatorship.

Instead, Hank announced: I changed my mind. This money is only going to Bailout my buddies who are Bankers. After all, they have lost the most from all this. Sorry: no money for homeowners! But not to worry. Someday it will trickle-down, just like Ronnie Reagan and Uncle Miltie Friedman told us it would. We're going to give the money to big banks to buy smaller banks, so they can become "too big to fail".

What Hank really means is that he hopes they will become "to big to regulate".

This is theft, they told congress and the public that they were going to buy the bad assets. The plan was so bizarre that people fell for it, shit I would suggest most American's has no idea what a bad asset if, if they did then why allow the government to buy them....Whoops my bad 85% of Americans were and are against this, again the scientific dictatorship comes into play. Sit the fuck down, shut your goddamn mouth and take it!

The rest of the article will show you how you have been burned, you must search your soul to figure why!

Originally Posted by michaelr

Treasury Secretary Hank Paulson pulled another fast one on American taxpayers.



This is by nature, a dictatorship.


This is theft, they told congress and the public that they were going to buy the bad assets. The plan was so bizarre that people fell for it, shit I would suggest most American's has no idea what a bad asset if, if they did then why allow the government to buy them....Whoops my bad 85% of Americans were and are against this, again the scientific dictatorship comes into play. Sit the fuck down, shut your goddamn mouth and take it!

The rest of the article will show you how you have been burned, you must search your soul to figure why!

Hell mike most have not a clue about money or economics. I just read were someone thinks a floating dollar, whatever floating means, is a good thing.

Most get their advice from the talking heads like Barney Frank, who thinks we need to bailout failing institutions so we can SAVE the economy. Shit man! what ever happened to sound economics and companies making a profit? Its all backwards! this saving failing companies.