exposes it all. Caption away.
This should be written into the GOP platform.
I couldn’t express my opinion of Paulson in this forum without being banned. Had he deliberately set out to sabotage first the financial system, then the economy itself, he couldn’t have done a better job.
Paulson was one of the chief authors and beneficiaries of the credit crisis, which is the REAL crisis we have. It’s not so much the mortgage crisis. Either he never saw it coming or thought that he could soft-pedal it away with his “contained” comments over the past 6-8 months.
He waltzed into Congress with his lethal weapon pointed at the foreheads of every congressperson and threatened them with armageddon, differing little from a hostage-taking terrorist.
I have nothing but contempt for his lying, conniving, and incompetent ways. I take that back; he was incredibly competent at raping, then destroying the financial system.
I'd like to give him a smack in the head.
There is a lesson here that everyone should learn by rote. Repeat after me:
“Bail outs are a bad idea.”
Regardless of the end of the world scaremongering you will hear:
“Bail outs are a bad idea.”
http://www.fdic.gov/bank/individual/failed/banklist.html
39 banks since October 1st by a rough count...
I had a real mental under count
2nd inning here 1,000 banks 2009?
A lot of wisdom here.
“If there were any opportunity for Republicans to start reclaiming a position as a party of important ideas, such as understanding that an economy which doesn’t punish failure is an economy which doesn’t allow success, now is that opportunity. Getting there will require an Administration which is not known for admitting mistakes to come around to admitting a doozy and to start living by the wisest words we’ve heard from President Bush in years: “History has shown that the greater threat to economic prosperity is not too little government involvement in the market, it is too much government involvement in the market.”