I am watching the hearings questioning Henry Paulson. It is obvious that he allowed the taxpayers to get a much worse deal than Warren Buffett for the money the taxpayers put in Goldman Sachs and that this benefited his old business partners.
Paulson was sent in to help with the financial crisis but to me he didn't do fiducial duty to taxpayers.
The banking business is becoming more and more concentrated and this is a huge worry to our system. We are having a takeover of our economy by the very crooks who got us into this mess.
Any bank that is too big to fail is too big to exist. The tax rate should be 100% on any bank that is too big to fail and the tax rate should go down from there based on their systemic risk, which is a function of their size.
The Paulson and former economic model is a total fraud on our capitalist system.
It is people like Paulson, and I don't care that there was an emergency, that need to be in jail for not getting the taxpayers as good a deal as the private sector in their bail out. It is a huge problem with political appointees helping their friends instead of looking out for the public interest. Madoff and him should share the same cell. We are not going to get government to work correctly as long as we keep letting this kind of thing happen. We do need a drastic change in D.C. This accusation made Paulson pretty upset probably because he was thinking of Madoff's lengthy term. I don't think the politicians have the balls to put Paulson where he belongs and I don't think they have the will to make sure that the deal that Buffet got should be the deal taxpayers should get.
We have to stop this concentration of industries and power.
Tex
Paulson was sent in to help with the financial crisis but to me he didn't do fiducial duty to taxpayers.
The banking business is becoming more and more concentrated and this is a huge worry to our system. We are having a takeover of our economy by the very crooks who got us into this mess.
Any bank that is too big to fail is too big to exist. The tax rate should be 100% on any bank that is too big to fail and the tax rate should go down from there based on their systemic risk, which is a function of their size.
The Paulson and former economic model is a total fraud on our capitalist system.
It is people like Paulson, and I don't care that there was an emergency, that need to be in jail for not getting the taxpayers as good a deal as the private sector in their bail out. It is a huge problem with political appointees helping their friends instead of looking out for the public interest. Madoff and him should share the same cell. We are not going to get government to work correctly as long as we keep letting this kind of thing happen. We do need a drastic change in D.C. This accusation made Paulson pretty upset probably because he was thinking of Madoff's lengthy term. I don't think the politicians have the balls to put Paulson where he belongs and I don't think they have the will to make sure that the deal that Buffet got should be the deal taxpayers should get.
We have to stop this concentration of industries and power.
Tex