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Paulson Needs to Be in There with Madoff

Tex

Well-known member
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
 
A

Anonymous

Guest
I watched the House of Commons questioning the PM last night-- and there is a big drive over there to break up all these multinational/multiconglomerate "too big to fail" banks...They were really on Browns rear because many MP's don't think he's moving fast enough in doing so......

Both our countries need a Teddy Roosevelt.....

I believe in corporations. They are indispensable instruments of our modern civilization; but I believe that they should be so supervised and so regulated that they shall act for the interest of the community as a whole.
~Theodore Roosevelt

"Our goal is to spread prosperity and see that prosperity is spread around." ~Theodore Roosevelt
 

Mike

Well-known member
And so should Dodd, Nancy, & Barney.

Congress should have listened to my two Senators, Shelby & Sessions, when they said that we don't need to be in such a rush to judgment on the Bailout fiasco...........

They even said if it were to take place, who would need bailing out next?

No, the damn Dems, Nancy & Barney stepped up to the plate and rushed it through as fast a Chinese fire drill. No wonder we're screwed with folks like them running the show.

Goldman Sachs, etc. have made out like bandits with no tax paid for the year.

We'd better get the Dems out of the Capitol. They're going to ruin us. :roll:
 

Tex

Well-known member
Mike said:
And so should Dodd, Nancy, & Barney.

Congress should have listened to my two Senators, Shelby & Sessions, when they said that we don't need to be in such a rush to judgment on the Bailout fiasco...........

They even said if it were to take place, who would need bailing out next?

No, the damn Dems, Nancy & Barney stepped up to the plate and rushed it through as fast a Chinese fire drill. No wonder we're screwed with folks like them running the show.

Goldman Sachs, etc. have made out like bandits with no tax paid for the year.

We'd better get the Dems out of the Capitol. They're going to ruin us. :roll:


We did need to act fast for the situation. Acting fast was not my concern, it was the inability of top leaders in our nation getting for taxpayers what the private industry could get from companies. Kind of makes you think about big pharma's sweetheart deal.

The company actually should have gone bankrupt and there should have been no other investor money. The taxpayers could have owned the whole thing not just some warrants.

I think this whole thing stinks and it is because we have the best government money can buy.

I think it will get worse until we do the right thing by the public in public policy and dealings instead of having incompetent or corrupt people who do not look out for the public interest.

Any CEO or any investor who took away profits from companies who went bust because of these things should forfeit all that money or profits.


Yes, hypocrite exposer, it does look a whole lot like it was an inside deal. Funny thing is I read a fictional book on this very collapse and corporate takeover. In that book there was a hero who saved the day. I am not sure I see one in this case. Those who make the rules have sold out the public interest and have not held people accountable. It has been a complete failure of government and is continuing. If we don't hold people like Phil Gramm accountable, we will have it happen again in the future. It is one of the reasons I could not support McCain, having Phil around all the time and before that he was around Brownback. I think the leaders in our country are incompetent or corrupt and it does not matter what party they are in. Money buys their actions and those actions protect crooks.

We have to stop this political looting of our country and hold people accountable for the damage they are causing.

Tex
 

Mike

Well-known member
We could have taken about a 4th of the money spent on the bailouts and propped up the money market funds to keep checks & credit cards working, and said to hell with the big banks......and let them fall on their face.

The plan was put together too fast and haphazardly to protect the U.S. taxpayer.

Plus.........Nanct wanted the spotlight and wanted to be that hero that saved us...................
 
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