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Showing posts with label Congress. Paulson. Show all posts
Showing posts with label Congress. Paulson. Show all posts

Saturday, February 20, 2010

Social Security Will Fall To Obama Before The Taliban Do

Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.

Wall Street's approach to the poor has always been to drive them deeper into the ground.'

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Monday, February 08, 2010

Ken Lewis: If I’m Going Down, Hank Paulson and Ben Bernanke Are Coming Down With Me


No WAY is Bank of America CEO Ken Lewis going to be the only one to answer for the acquisition of crappy Merrill Lynch and its crappy bonuses, "a person close to Lewis's defense team" (who may or may not be Ken Lewis himself) tells Charlie Gasparino today on the Daily Beast. NO WAY will he be a scapegoat, alone, for the people who twisted his arm to go through with the Merrill deal by telling him he would be fired if he didn't. "If this thing goes to trial you can expect both Paulson and Bernanke to be on the witness list." If he's going down, he's bringing them down, too. Bringing them down to Chinatown. Order in the court!

Source

Friday, August 07, 2009

Paulson Reveals US Concerns of Breakdown in Law and Order

The Bush administration and Congress discussed the possibility of a breakdown in law and order and the logistics of feeding US citizens if commerce and banking collapsed as a result of last autumn's financial panic, it was disclosed yesterday.


Making his first appearance on Capitol Hill since leaving office, the former Treasury secretary Hank Paulson said it was important at the time not to reveal the extent of officials' concerns, for fear it would "terrify the American people and lead to an even bigger problem".

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Friday, April 24, 2009

Jack Bauer Can't Stop 'The Goldman Conspiracy'

Two mind-numbing fast-paced dramas. Two parallel worlds. One real, one fiction, both deadly. Jack Bauer, mythic hero of "24." Dying from a deadly bio-pathogen leaked from weapons developed by Starkwood, a rogue mercenary army attacking the presidency, hell-bent on taking over America.

The other drama in play: "Hank the Hammer" Paulson, iconic Wall Street hero, a Trojan Horse placed inside Washington by Goldman Sachs as Treasury Secretary in control of America's $15 trillion economy. Goldman, a modern dynasty with vast financial powers much like those once used by the de' Medici, Rothschilds and Morgans to control nations.

One of the confounding aspects of bear market rallies is that the longer they last, the more likely investors are to expect a correction, says Barron's Bob O'Brien.Both dramas play high-stakes games with financial WMDs that have lethal consequences. Jack compresses thrills, kills and chills into 24 hours. Hank, Goldman and their army of Wall Street mercenaries move with equally blinding speed, heart-pounding action.

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Monday, April 06, 2009

Massive Cover-up of Economic Crisis


William K. Black was the senior regulator during the Savings and Loans (S&L) crisis, and an Associate Professor of Economics and Law at the University of Missouri (bio).

Black says that massive fraud is what caused the economic crisis. As one example, he explains that everyone involved knew that the CDOs which packaged subprime loans were not AAA credit-worthy (which means that they are completely risk-free). He also said that the exotic instruments (CDOs, CDS, etc.) which spun the mortgages into more and more abstract investments were intentionally created to defraud investors.

Moreover, Black says that the government's entire strategy in dealing with the economic crisis is a massive cover-up:

[They] don't want to change the bankers, because if we do, if we put honest people in, who didn't cause the problem, their first job would be to find the scope of the problem. And that would destroy the cover up....

Geithner is ... covering up. Just like Paulson did before him....

These are all people who have failed. Paulson failed, Geithner failed. They were all promoted because they failed....

Friday, January 09, 2009

Martial Law, the Financial Bailout, and War

It is becoming clear that the bailout measures of late 2008 may have consequences at least as grave for an open society as the response to 9/11 in 2001. Many members of Congress felt coerced into voting against their inclinations, and the normal procedures for orderly consideration of a bill were dispensed with.

The excuse for bypassing normal legislative procedures was the existence of an emergency. But one of the most reprehensible features of the legislation, that it allowed Treasury Secretary Henry Paulson to permit bailed-out institutions to use public money for exorbitant salaries and bonuses, was inserted by Paulson after the immediate crisis had passed.

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Sunday, October 26, 2008

Congress: What Bernake And Paulson Aren't Telling You

Congress: Think.

Ben and Hank have both told you that the critical issue for the economy is for "lending to resume", stating that it has dramatically contracted.

If this was the truth, then Ben and Hank would have come to you for $700 billion in the TARP, but instead of TARPing the money, they would have asked for permission to use it to capitalize 10 new banks which would be immediately IPO'd off to the public with the stake being in the form of some kind of super-senior debt that held a coupon high enough to encourage immediate (or nearly-so) replacement with private capital.

This would have resulted in an aggregate of seven trillion worth of new lending capacity in the economy, an amount that, incidentally, would allow the full replacement of Fannie and Freddie as holders of housing debt with about $2 trillion left over for credit cards, auto and business loans.

That would have immediately solved the "credit freeze" problem.

So why wasn't this proposed?

This is the reason:

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Wednesday, October 08, 2008

Fox Guarding The Henhouse: Ex-Goldman Sachs Exec To Oversee Bailout

Now that Hank Paulson, The U.S. Treasury and the Federal Reserve have robbed American taxpayers of a sum likely to run into the trillions, the coup de grâce has arrived in the form of ex-Goldman Sachs executive Neel Kashkari, who has been appointed by Paulson to dole out the ill-gotten gains of the bailout to the rest of the corporate crooks.
Conflict of interest doesn’t even come close - the fox guarding the henhouse is a more accurate summation. And the fact that he looks like a cross between Nosferatu and a villain from a Steven Segal movie doesn’t help.
Kashkar, a former Paulson advisor to boot, has been appointed bailout czar in a move so repugnantly crony that it almost makes the Michael Brown debacle look innocent in comparison.

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Friday, September 26, 2008

IS THE BAILOUT A ROTHSCHILD TRICK?

THERE IS NO SUCH THING AS MONEY that does not cost anything. Many are claiming that this is the cause of the current financial crisis. But this is just a cover for the real problem, or rather, a cover for the real culprits behind the crisis.
Money does cost something especially when it is created out of thin air by the Zionist Jews who own & run the Federal Reserve Bank. A simple book-entry is all that is needed when the Fed provides George Bush with an interest-bearing loan to pay for his wars. But it costs the tax payers’ hard earned dollars to pay off the debt PLUS the interest on the Fed’s created money.
The Rothschilds, who are Zionist Jews, are the principal owners of the Federal Reserve Bank. The Rothschild trick is that there is no real money in the system, no goods that they provide, only debts with compounded interest - chargeable to the ‘dumb goyim’ US taxpayers.

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