Posted on 09/22/2009 6:21:11 PM PDT by BGHater
HANK Paulson has admitted that he kept in touch with "market participants" on Wall Street when he was Treasury secretary.
But did the former head of Goldman Sachs use his government position to enrich his friends during one of the most tumultuous times in US financial history?
Paulson's phone logs, which I obtained after a Freedom of Information Act request, show that the Treasury chief kept in frequent touch with a virtual Who's Who of Wall Street's power players.
But a half-hour block of time could prove to be the most intriguing bit of non-information in his schedule.
Let me start from the beginning.
I've written before that Paulson had lunch on Aug. 16, 2007, with Federal Reserve Chairman Ben Bernanke. The two men met from noon to 12:40 p.m. in the "small conference room," according to Paulson's records.
No one except Bernanke and Paulson know for sure what they talked about, but since the financial markets were under intense pressure at the time and there were loud cries on Wall Street for Bernanke to cut interest rates despite the Federal Open Market Committee's decision a week earlier to hold the rate steady, it seems logical to assume Paulson brought up that topic.
If Bernanke gave Paulson the slightest hint of what he was thinking, Paulson would have been in possession of very valuable information. If Paulson passed any of those thoughts on to people who could (and did) profit from it, then that would have been very illegal inside information.
So Paulson's admission that he spoke with people on Wall Street regularly is fraught with inherent danger. That's especially a valid question after Paulson meets with the Fed chief, as he did on Aug. 16, 2007, when a crucial decision needed to be made.
(Excerpt) Read more at nypost.com ...
Yes, he did.
And Wall Street seems to own ZERO.
and they're still being enriched.
Just so we don’t lose sight of this, while it still exists:
http://www.liveleak.com/view?i=ca2_1234032281
Here is a transcript of what Kanjorski says
More in the video:
“On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two.
Money was being removed electronically.
The treasury tried to help with $150 Billion.
But could not stem the tide.
It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawled and collapsed and within 24 hours the world economy.”
Thanks for the reminder. We still haven’t been told who was making the withdrawals.
“We still haven’t been told who was making the withdrawals.”
Nor will we, unless the (privately owned) Fed is forced to open its books and everything. Bernanke represents them and their benefit, no ifs ands or buts......and Paulsen was who signed “the taxpayers” on the privately-owned-”loan” document.....the whole liar-loan AIG/Fannie/Freddie/counterparty after counterparty lies beneath it all.....ACORN is in there, too, I am sure.....and I am certain (if kanjorski wasn’t lying) he is still sweating his impromptu candor
What do you expect when you have a bankster in charge of cleaning up after other banksters? Paulson was Bush’s last hurrah failure.
Winner of the dumb question of the century. By a mile. If it were not for TARP, Paulson would be pushing a grocery cart and living on the street today.
Paulson created the crisis, and Øbozo fulfilled the Alinsky takeover...
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