Treasury Sec. Paulson at Senate Banking Hearing

[SamiraImam]

Thank you Hank for saving American financial system

[guyNbluejeans]

I've been saying for a long time now we need to have a computer programed with the Constitution as its heart rule over the entire nation! Get the human element out of the picture as humans are greedy, treacherous and dishonest!!

Use The Computer to weigh-in meticulously on all facets of government across the nation as well as dealing with each and every court case. No more special interests! No more lobbyists! No more voting fraud! No more waste! No more endless campaigning! NO MORE SCUMBAGS!!!

[Rcoxx4u]

This is what happens when jews print the money

[eweezy528]

this is like putting convicted child molesters in charge of our childrens sexual education!

these inept quacks need to be put in jail, and heavily fined.

[krazymindreader]

America unknowingly and foolishly pumped money back into a financial system that is a failure. These Ex-Goldman Sachs wankers are part of a larger problem, they proposed and pleaded for a massive bailout and it was SO URGENT that in the process they managed to pay massive bonuses to greedy execs. Someone needs to go to jail for this.

[Freddieboy44]

Personally, I think that if the financial institutes had failed we would at least know better where we stand. Now all we know is that shit is hitting the fan and we have no idea, really, how bad. Everything is failing and what do we do?

[Thisawareness]

Al Gore & Goldman Sachs (Global Warming Racket)

Generation Investment Management's founding partners are studded with officials from Goldman Sachs. They include David Blood, former CEO of Goldman Sachs Asset Management (GSAM); Mark Ferguson, former co-head of GSAM pan-European research; and Peter Harris, who headed GSAM international operations

(Plus former Secretary of the Treasury (under George W Bush) & a former CEO of Goldman Sachs Hank Paulson has ties also to Gore & GIM

[Freddieboy44]

@Thisawareness Mega Dittos, Rush! Blame it on a party! Good idea!

[Thisawareness]

@Freddieboy44 Read what i wrote again, you missed the connection i made with Democrats and Republicans being together in GIM.

[honderddertigenderti]

...cost far less than the alternative....

that sounds like from a movie, sounds like a treath

[erickthegreat98]

I don't know who I'm quoting, but someone said, "If we are a Capitalist society, why do we lose faith in it and enact socialist measures like TARP?"

This was crazy to pass this. There's too much money in Washington, too much pork and ear marks. Votes should be piece mealed, not a bunch of crap put into a blender. Vote on each issue. WTF?

[cabadejo]

Bad lending practices and the sub prime mortgages.

These idiots were are the heart of this.

They act as if they were nothing to do with it.

[mdekoo]

rawr at politicians taking advantage, go to h e double hockey sticks.

[mdekoo]

They talk shit people dont even understand.

[mdekoo]

I can not believe the things I see today.

[ConspiracyHist]

omg its a completely bald old lady that looks like my high school gym coach!

Poor old hag she looks terrible no old lady like that should be bald.

[ConspiracyHist]

Alright I dont wanna hear anymore crazy conspiracy theories about the old Bernanke lady being a guy ok? shes just a poor crazy old lady witha beard and no hair but its not her fault.. geez can we have some rogaine here. whats with the bearded ladys beedy devil eyes?

[rodmanbull]

the problem is the federal reserve get rid of the federal reserve .

[BipedalHumanoid]

You want to go back to the gold standard? How is it any better? Start trading gold for currency and you'll end up with an over-inflated gold price and a potential for even worse infationary problems.

To top it off there won't be anyone in a position to keep inflation under control. in a fractional reserve system this is done by raising and lowering interest rates. Move to the gold standard and you lose this benefit.

[Driftster101]

@rodmanbull, you are just a sheep to the american society, and believing to make a smart statement.

[mdekoo]

its supposedly going to lead in digital gold?

[mdekoo]

duh

[rodmanbull]

duh ?

[mdekoo]

i ment like.. duh you were TRYING to make a smart statement.

[rodmanbull]

i just told the truth that's all.the feds caused this problem and still creating more problems.

[mdekoo]

It does but does not have to do with the Federal Reserve. Yes, the GOVERNMENT should be putting the right people in the positions which they have not BUT the Federal Reserve is important in the U.S.' overall development.

[rodmanbull]

so it's ok to bail out these big companies but when you or me own a business and it fails we don't get bailed out.these companies should have failed.but if this has nothing to the federal reserve then why is fed chairman Ben Bernanke at this haring.the fed will go away once the dollar has been destroyed which is not that far away.

[mdekoo]

Its dumb to say the dollar will fail. How about all the pea brains study and everything will be okay.

[rodmanbull]

if the fed stops the inflation the dollar will be fine.but once inflation starts again the value of the dollar will keep going down.why do u think gold is so high.research the fed and u will see it is not supposed to exist.the fed and the irs go hand&hand.just research as to what i'm saying and you will see as to what i'm saying. read the book end the fed and you will understand.

[ryeb00]

Forget all this technical jargon. The Federal Reserve creates money out of nothing. It then loans some of this created money to Wall Street. Wall Street then loans this money out to the economy. So, if Wall Street loses some of this created money through bad loans, they can just borrow more from the Fed.

This is all a facade to give the Fed more power and transfer wealth from the American people to Wall Street.

[kuza01]

The Federal Reserve = greatest domestic enemy to the Constitution.

[jmlicari]

This man does not know how to make a speech. He is very transparent.

[redevilDillon]

1.-copy and paste

2.-paste it in 2 different videos

3.. hold breath for 10 secs

4.- look at your hands

[fuggsakes]

Fuck you and your chain comment spam

[JPHET37]

Shit this is all financial bullshit talk and when a company fails CEOs walk away with 3 million bonuses while average middle income hardworking Americans like Joe & Jill suffer from job losts and morgage foreclosures. The Bible book was right we have come to a financial meltdowns and these crooks don't care about millions of people across this country cuz they're walking away with taxpayers money "Bonuses".

[singledad1234]

this is the asshole that said WE CAUSED THE DEPRESSION YES WE DID IT WE ARE SORRY WE WONT DO IT AGAIN AND ITS EXACTLY WHAT THEY ARE DOING AGAIN THE DOLLAR IS GOING TO COLLAPSE WELCOME TO THE NEW WORLD ORDER THE ONE WORLD CURRENCY AND THE AMERO DOLLAR AND EIGHT HUNDRED JAILS ACROSS AMERICA HE SHOULD BE IN JAIL NOW NOW NOW 911 WAS A inside job shock and awe change out of crisis its all a lie they want this they are the new world order

[AcaiBerryMONAVIE]

all the banks including Paulson & Bernanke SUCK SATAN'S COCK forever in hELL, saTAN WANTS YO COCK in his/her EVIL PUSSY now

[HelloimJim]

LIARS, THIEFS!! people make a fuzz of a guy like Barry Bonds supposedly commiting perjury COME ON, these guys are stealing our money on a daily basis....the system is so broken :(

[bob733333]

henry has lucifer's wiener in his butt

[marceads]

This has been coming for such a long time...I saw the beginning of this 5 years ago. Ever wonder how some people were buying houses that far exceeded their income? Ever wondered who was buying all of the junk cars that the big 3 were building? Our government forced the banking industry to where they are right now by giving a bunch of people who had no business in owning a home the loans to do so. We had no choice??? You saw this coming you fucking idiots. Paulson should be tried and hung.

[opchidexio]

Chris Dodd speaks highly of Henry Pukeson the flaming libtard. That's all I needed to know. I'm gone at 00:31

[tryptala]

"this will cost American families far less than..."

Well, let's see, the national debt is what? $12 trillion, $13 trillion and growing strong. How much far less can we get? Here's an odd thought: how about letting the American people own their own money?

[scaatyz4]

Please, we don't want anymore of your help.We don't need anymore of your friggin' advice.You evil greedy 'tard's.500mill for bonus's. 100 mill a year CEO'S? duh? 6th grade math students can do better than these clowns. The taxpayer is suffering because of overpriced CEO'S and bonus's and unethical people like him.

[GemHudson]

Zhou Enlai Four Modernization in not leaping forward in like Chairman Mao model wanted to prosper the people's business in like Mikhail Gorbachev perestroika market economic. Be private in your agriculture and industry. Four Modernization, according to Deng Xiaoping, is to advance the technology. Import'em on the slave trade. Work cheap and I will get my new cruise missile but what became of their defence isn't any more high weapon technicalities for their slave of his system.

[diggersstory]

Peace can only come through justice. These corrupt criminal in levels of authority need to be brought to justice. When will we as the people stand up to the criminals and not reward them. It amazes me how well they can lie to American people. "Public servants" who profit from our country's crisis and wars are not patriots.

[7island79]

in addition to fixing this mess, this can/should be an opportunity to do some major clean up of wall st. Do away with "shorting" do way with "margin" do away with "commodity trading/speculating".

Wall st is nothing more then a casino run by organized crime!!!!

[7island79]

fire him now!!!!!!!!!!!!!!!!

[dieyoubastards]

yakyak posted a very inconvenient but very accurate truth and some lying pig banker scum marked it as spam.

[dieyoubastards]

this is not spam it is truth and bakers hate that

[dieyoubastards]

hear him blaming homeowners? What about the billion that he walked away with? These bastards pilfered billions for years by creating money with overinflated,over 30 times leveraged out assets and now the bubble popped and they take it from not only the stockholders and employees, but the taxpayers, and in fact the whole world.

Reptoids? Close. Pagan death cult Shadenfreuders who worshop power and money and are determined to make you a slave so that they can sit on a mountain of money.

[dieyoubastards]

Now I understand why people beleive in reptoids.

[JohnECocaine]

Paulson is a liar and a greasy bag of scum.

[TheGoodnessIsGood]

It's funny that once you get to this sort of level of awareness about what's going on - people who watch this sort of thing because they understand it and are interested, as opposed to most people who wouldn't bother wathcing - that everyone - almost everyone here commenting, knows and understands this for what it is - theft, criminality, and illegal usurping of the American people and the world.

[DCUPtoejuice]

Bernanke, thanks for a long winded explanation of price fixing. what a crock.

[DCUPtoejuice]

let the housing market correct already!

[rosewood223]

the fed didnt regulate the market during the bubble.

now when the bubble burst, they want to tax main street to bailout wall street.

Isnt this called criminal?

[TheGoodnessIsGood]

it sure is

[rosewood223]

paulson is a cloneman.

[reddwarfski]

No bailout and it's PDD 51. The puppet-masters can't lose.

Watch:

America:Freedom to Fascism

Endgame

Fabled Enemies

[Kanzeon82]

Why do most of these guys seem so clueless??? furthermore, was there mention of the TAXPAYER in any of these speeches, consider that the TAXPAYER would be footing the bill for this nonsense?

[navy2kq]

I ask myself the same question.

[whiffet]

Gee Henry, I had always heard that acid was one hell of a drug, but sheesh dude--calm down, man. Not so hard.

[papabear2009]

contact your congress person and tell them to reject the bailout bill

[mastior]

"NO BAIL OUT" for the JEWS

[bswami50]

04:30 "...thank goodness that was done, they were stabilized before we had some investment bank report their earnings"

That comment in a nutshell exposes his real concern: investment banks and their "earnings". How much more transparent can the man be?

[plzIneedhelp]

stop ass kissing hang these mother fuckers

[Malag777]

Whatever happened to those 2.3 Trillion dollars that couldn't be accounted for back in 2001?

Watch on youtube:

1 DAY BEFORE 911 WTC attack! DO u know what happened?WATCH!

[S197V6TT]

@Malag77

'The Star Wars trilogy tried to warn us about Paulson. AKA Palpatine! Watch this clip!!

Paulson is Palpatine! Here is proof!

Copy and paste!

/watch?v=pRNUMAztVHc

[navesele]

youre a moron

[Yourdeadmeat69]

Since '95 Dems pushed deregulation, everybody became a bank with no rules, and cowboy capitalism ruled--meaning, all that matters was the 6% commission, not the 94% underlying exploded values, and the ability to pay whatever the value. Ownership by lower forms of life ruled, as "egalitarian".

It was a fraud, banks ate mortgage holders by crafting loans that would cause increasing assets to return to the bank for flipping at higher prices.

Well, want it?you GOT IT MF. Have a great "sale".

[moonseakid]

hank was so passionated.

[OzGoggleboxBoy]

The root cause is NOT a housing correction - it was greedy bankers who turned your market into a casino. This bloke has no idea and is making the US look like a laughing stock in the court of world opinion....

[Yourdeadmeat69]

The DEMS through the rules OUT in 1995, and every green card holder, no doc, no income, no assets, could buy a house, and prices skyrocketed, until the teaser rates blew up, and homes returned to banks THAT PLANNED IT THAT WAY. Well, they wanted the assets, they can frigging choke on them.

The problem is, the whole system is waiting for foreign money to finance it, and they aren't playing, the Chinese and Europe went HOME.

If we don't fix this ourselves, businesses will go in the toilet.

[Thrice13]

Say no to the bailouts! We can't let the corporate criminals get away with this!

[kendjo]

paulson is robotic, needs to look down waaaay too much.

[dustynbones]

Paulson needs to be dressed up in a Pirates suit with wearing an eye patch.

I matty I'm here to raid the US Treasury.

[gifledusinge]

How does this asshole sit there and say he "shares our frustration" about CEO compensation with a straight fucking face? He didn't turn down the 40 million dollars per year while he was CEO of Goldman Sachs, did he? The average man's wallet has been hurting more and more each year since Bush took office,but they don't give a shit until we have nothing left for them to take. That's their real problem,they've bleed us dry and gotten fat off of it.Now THEY want financial help? (aka welfare)Fuck em!

[4merCIA]

Paulson is a lieing Sonofabitch. He isn't interested in helping Americans, he's only interested in helping the Jewish bankers who rule this country and who should be taken out and shot.

[4merCIA]

Maybe its time these companies should be allowed to fail so that new solutions will come forth. We should bring to trial all of these people that are responsible for all these problems and confiscate all of their assets and investments. And...Fuck Paulson-he knows what the root problem is - JEWISH BANKERS! They need to be eliminated.

[gifledusinge]

I'm with all the way but instead of saying Jewish bankers, let's just say "bloodsucking" bankers. I know of plenty of "WASP" bankers that are just as evil. Don't forget, Bush is no JEW.

[namzezam]

So What we learned is that since the new deal of (1938) made be owned by the players of the wall street side, the system somehow went wrong and now in some days we could finally find a "correction" if we would only (again) find some "good" will! That repeats and that was and that is WRONG! We have one DEEP problem and we need new solution. This can only be GovComCom, please google it.

[gifledusinge]

You sound like an idiot. Try a little coherency from now on. You probably had a good point but what you wrote was totally illegible.

[namzezam]

ok, Sorry for my bad English, please help if you can.The point is this:

Welcome to the 21th century, a must become bottom-up growth century, if only because we as global are too big. So as we would have obama in the office, we still must go on building the bottom-up growth and so now it is the time for learning new solutions, hence please now search GovComCom.

[dustynbones]

Actually these Wall Street Pirates are the real terrorist and watch your US Government cower & capitulate to their demands, when in all actuality they should be scolded, ridiculed, denounced for the parasites that they are and imprisoned.

[kkklownknight6699]

Listening to Bernanke is like listening to a broken record.

blah blah blah look at me I can make up BS that will screw you over blah blah blah.

[tmrplay]

when whole economy collapse down,

even the american working class will be losing the jobs, the plan must pass for sure.

Remember, whenever the plan is passed or not, american working class suffer the results forever at last.

[WizardKing78]

If the American people truly understood the intentions behind and consequences of the $700b bailout, Paulson, Bernanke and their associates would be dragged-out into the street and shot.

[PopsMcKracken]

I love how these assholes think that we have to destroy the dollar with this bail-out because Americans can't possibly go a year without buying new cars. Fuck Congress but most of all FUCK these Zionist Jew bankers. And yes most of them ARE Jews. Call me a racist I dont care. I won't pretend I don't see what I see with my own eyes anymore. Hank Greenberg is a murderer and a criminal who needs to be hung.

[WizardKing78]

You're right. Their ruinous usury is going to destroy the whole show.

I'm suspicious that the Jews are handing the West on a plate to the Chinese by destroying the economy. Then in a hundred years they'll do the same to the Chinese!

Google: "truth about talmud"

[dustynbones]

Actually Judaism is not a race of people. It is an ideology. All religion's cult philosophy is to take over the planet.

[pr0gm3r]

Since the CEO make more money and those big corporation that make profit they should help the $700 billion bail out plan. If the fund is taken from the people (working class American) it is call murdered, while the people work hard to pay rent, mortgage, meals, education, gasoline, loans, and credit cards.

[BOREWAR0758]

reps and dems. JUST SAY NO!!!!!

[cxa011500]

Yes, thank you, thank you, thank you, for bringing us this important information at this critical time in a way that no one else does.

[photopicker]

thank you C-SPAN ...