Goldman Sachs bailout!@ AIG Bailout to cover Goldman Sachs credit default swaps. AIG Bailout to cover Goldman Sachs credit default swaps. Credit default swap = bet against the US housting market. Hank Paulson was CEO of Goldman Sachs then he gets millions in tax deferment on Goldman stock when he become Treasury Secretary then he pushes Goldman Sachs Bailout. AIG was bailed out to cover Goldman Sachs credit default swap bets against the housing market. AIG was bailed out to cover Goldman.
I am an economist who looks at banks and at securities. I could give a very dry and and technical analysis about why Sec. Paulson is a self serving liar but I think it is best to say that my final analysis is that the best remedy for poeple like Paulson is a very short rope and a very tall tree.
I bet that most of the bailout money is now sitting in Swiss bank accounts converted to Euro. In fact the recent falling of the Euro to 1.18 a month ago, was the perfect window to do that.
What these people realized years ago, is that Congress and the Senate Financial Committee are so stupid that they would lick the lamp posts in winter, and just parrott back buzz-words that they give in their mouth. And as we know, opportunity makes the thief.
Somehow some way there has to be a accounting of the treasury,pentagon and Iraq war spending for the past 8 years or this American generation is going to look like a bunch of beer drinking schmucks in coming history books. This is how things or should i say Government spending and conduct is done in a place like Saudi Arabia one of the most corrupt + criminal governments on earth.
what I mean is that the derivatives gave liquidity to fund new plants in the developing world, giving employment and industrialization to people chronically underemployed and gave multiplier effects in underlying sectors
but it also created some really terrible incentives for all asset classes to try and continually beat the system and dragging down the only credible institutions in the process along with the earnings of middle to lower income people
The original intention of derivatives was not a bad one, without financing many companies and ideas would not have gotten off the ground
investments from 1960-2000 quadrupled in value and gave the average investor a huge gain, it also created wealth in countries that needed it, such as Ireland
but there was one huge problem that no one wanted to deal with and they still dont-
WHAT HAPPENS WHEN ALL THOSE INVESTORS WANT THAT GROWTH TO BE SUSTAINED ACROSS THE PLANET AT THE SAME LEVEL 24-7
He is lieing you can see how reply the man is a crook with his help the bigest terrorist J stolen the of money of the american people and destroy our finacial system of our country and one by one living america
Whoa chief...easy w/ the brews. Terrorist, huh? Wow. A little more cohesive point here, bud.
Banks were falling like a deck of cards before the TARP. The government is the only entity that could have stopped the self-festering problems of these CDOs and mortgage-backed securities. Blame the Democrats for funding Fannie & Freddie and their social experiments of giving loans to people that simply didn't qualify. The real problem in this whole mess was the Community Reinvestment Act.
Liar! No way this will do anything but cost the American people money. The ruling class makes the rules and the middle class suffers the consequences. Pure, unadulterated B.S.
You guys are idiots. The fact is that there are very few people who understand the banking/financial system well enough to know if this plan will work or not. I am a CPA working for a hedge fund in manhattan - I deal with these products daily...and I recognize that I only understand a small fraction of what is necessary to draw conclusions at this early juncture. There are probably 2,500 people or less in the world who fully understand what is going on right now, and it is clearly none of you
A CPA !!!!! Holy crap. Now you have our undivided attention
Please expound on the IMF,World bank,Bank of International settlements and of course my favorite the good ole FRB.
Now it should be fairly obvious to you that 800 billion dollars will do NOTHING to restore one iota of confidence in this falling house of cards. I've been corresponding with the FED before you were alive and this fiscal abomination
I'm certainly no supporter of conservatism, but the bailout is working. I don't think Paulson complete moron, notice that all of the major stocks went up today.
HEY!!! The big boys are buying private property up. ITS A FUCKING GRAB FOR ACTUAL TANGABLE ASSETS!!! why you think the US Dollar went up suddenly and commodities took a nose dive? ITS A GRAB!!! This Financial Crisis was orchastrated. How??? 1) Undermine the free market system by introducing laws that contradict the free market 2) allow companies to restamp bad paper as Tripple A rate paper. 3) Dont fix the underlying problem 4) inflate the US Dollar by bailing those cock suckers out.
do you understand how these games hurt people, Gotham Partners, you heard of them
how these CDOs are pyramid schemes for pensioners who had useful careers and how they give the wrong incentives to the financial community that is eating itself and us in the process
the game is up. The bag is no longer going to be held but the common person. Shareholder activism is here to stay.
Notice how all the officials who backed the bailout, (Paulson, Bush, Bernacke included) keep insisting that the poor popularity for the plan among the citizenry is because THEY didn't adequately communicate it to us, THEY didn't explain the benefits to the average consumer... YOU don't understand how this plan helps you because is was a failure on THEIR part. All of there delusions come from the fact that they believe that WE, the people, are accountable to them and not the other way around.
I pay attention to whats going on and I know very little about this guy. (watch Pelosi's account of this on C Rose vid--political hack & genius??) & no Pelosi's not perfect either.
He's in charge of $700 billion dollars to rescue an industry that was either shady or criminal and they won't tell us which.
No oversight! You twisted our arms and yes we needed to do something. $700 billion!
To go where? Socializing(?) the banks is far from all of it Mr. Doublespeak!
Even before the financial crisis, I got the impression that Paulson was not up to the task when I heard him speak. Now, every time I hear him speak time and again, the more he sounds confused and incapable.
If they wanted to do it right, in terms of publicity, they shouldn't have tried to rush it through using the same fear tactics that they used to get the Patriot Act through. Instead, you had dissenssion that the public could see, and therefore the belief that it was only consented to due to pork-barrel spending.
Goldman Sachs bailout!@ AIG Bailout to cover Goldman Sachs credit default swaps. AIG Bailout to cover Goldman Sachs credit default swaps. Credit default swap = bet against the US housting market. Hank Paulson was CEO of Goldman Sachs then he gets millions in tax deferment on Goldman stock when he become Treasury Secretary then he pushes Goldman Sachs Bailout. AIG was bailed out to cover Goldman Sachs credit default swap bets against the housing market. AIG was bailed out to cover Goldman.
jiveturkeyusa 4 months ago
Bankster's Mouthpiece.
SIMKINETICS 1 year ago
I am an economist who looks at banks and at securities. I could give a very dry and and technical analysis about why Sec. Paulson is a self serving liar but I think it is best to say that my final analysis is that the best remedy for poeple like Paulson is a very short rope and a very tall tree.
Rexanglorum 1 year ago 3
This guy is a crook.
I bet that most of the bailout money is now sitting in Swiss bank accounts converted to Euro. In fact the recent falling of the Euro to 1.18 a month ago, was the perfect window to do that.
What these people realized years ago, is that Congress and the Senate Financial Committee are so stupid that they would lick the lamp posts in winter, and just parrott back buzz-words that they give in their mouth. And as we know, opportunity makes the thief.
NorceCodine 1 year ago
Henry Paulson had $5 Million of his own investment about to evaporate before the banking industry bail out.
It's a small amount compare to $700 Billion bail out money but sure it motivated him a lot.
Saving American people? He mostly saved himself using tax payer's money.
allgoo19 2 years ago
His net worth has been estimated at over US $700 million, sadly i think Geithner is far worse than Paulson.
SonicArchives 2 years ago
SonicArchives: "His net worth has been estimated.."
Maybe not "far worse" but pretty close.
allgoo19 2 years ago
sort of lost all respect for Charlie Rose he sits down with these traitors and acts like nothing is wrong.
SonicArchives 2 years ago
Somehow some way there has to be a accounting of the treasury,pentagon and Iraq war spending for the past 8 years or this American generation is going to look like a bunch of beer drinking schmucks in coming history books. This is how things or should i say Government spending and conduct is done in a place like Saudi Arabia one of the most corrupt + criminal governments on earth.
SSWOLFENSTEINSS 3 years ago
henry paulson is just HORRIBLE
waistoi 3 years ago
yeah ! Right, blah blah, etc
mykelsri 3 years ago
blah,blah,blah,blah,blah,!!!!!
guruartist 3 years ago
what I mean is that the derivatives gave liquidity to fund new plants in the developing world, giving employment and industrialization to people chronically underemployed and gave multiplier effects in underlying sectors
but it also created some really terrible incentives for all asset classes to try and continually beat the system and dragging down the only credible institutions in the process along with the earnings of middle to lower income people
it wasnt just greed in USA, other countries 2
8data 3 years ago
The original intention of derivatives was not a bad one, without financing many companies and ideas would not have gotten off the ground
investments from 1960-2000 quadrupled in value and gave the average investor a huge gain, it also created wealth in countries that needed it, such as Ireland
but there was one huge problem that no one wanted to deal with and they still dont-
WHAT HAPPENS WHEN ALL THOSE INVESTORS WANT THAT GROWTH TO BE SUSTAINED ACROSS THE PLANET AT THE SAME LEVEL 24-7
greed--
8data 3 years ago
Paulson is not the Problem
Greenspan, SEC, Arthur Levitt
the 90s baloney of Dow 36,000
All that created a lot of overhang
and it was not dealt with properly during Bush 2 Term 1
8data 3 years ago
He is lieing you can see how reply the man is a crook with his help the bigest terrorist J stolen the of money of the american people and destroy our finacial system of our country and one by one living america
grec1950 3 years ago
Whoa chief...easy w/ the brews. Terrorist, huh? Wow. A little more cohesive point here, bud.
Banks were falling like a deck of cards before the TARP. The government is the only entity that could have stopped the self-festering problems of these CDOs and mortgage-backed securities. Blame the Democrats for funding Fannie & Freddie and their social experiments of giving loans to people that simply didn't qualify. The real problem in this whole mess was the Community Reinvestment Act.
AAD718 3 years ago
how funny
quitearow 3 years ago
Liar! No way this will do anything but cost the American people money. The ruling class makes the rules and the middle class suffers the consequences. Pure, unadulterated B.S.
ericd543 3 years ago
this guy pulled off the biggest heist in history
historywillabsolve 3 years ago
His name is Henry Paulson.
1poiuztrewq2 3 years ago 2
I'm sorry- a "breath" machine?
fonzayo 3 years ago
geez. is he on a breathe machine?
fonzayo 3 years ago
protondi001 oughtta lose his job and bury his fucken kids. throw the wife in the burner lmao.
pretty14life 3 years ago 2
KILL HIM!!!!
PhildoM16 3 years ago
Please someone hang this criminal.
ultforeign 3 years ago 2
You guys are idiots. The fact is that there are very few people who understand the banking/financial system well enough to know if this plan will work or not. I am a CPA working for a hedge fund in manhattan - I deal with these products daily...and I recognize that I only understand a small fraction of what is necessary to draw conclusions at this early juncture. There are probably 2,500 people or less in the world who fully understand what is going on right now, and it is clearly none of you
protondi001 3 years ago
A CPA !!!!! Holy crap. Now you have our undivided attention
Please expound on the IMF,World bank,Bank of International settlements and of course my favorite the good ole FRB.
Now it should be fairly obvious to you that 800 billion dollars will do NOTHING to restore one iota of confidence in this falling house of cards. I've been corresponding with the FED before you were alive and this fiscal abomination
is not by default.
jeffreytrochelman 3 years ago
I'm certainly no supporter of conservatism, but the bailout is working. I don't think Paulson complete moron, notice that all of the major stocks went up today.
Flippyurajerk 3 years ago
HEY!!! The big boys are buying private property up. ITS A FUCKING GRAB FOR ACTUAL TANGABLE ASSETS!!! why you think the US Dollar went up suddenly and commodities took a nose dive? ITS A GRAB!!! This Financial Crisis was orchastrated. How??? 1) Undermine the free market system by introducing laws that contradict the free market 2) allow companies to restamp bad paper as Tripple A rate paper. 3) Dont fix the underlying problem 4) inflate the US Dollar by bailing those cock suckers out.
uhaegde 3 years ago
Oh did I mention: create a risky investment vehicle called DERIVATIVES???
uhaegde 3 years ago
I have studied Collateral Debt Obligations, Fixed Income Securities, Credit Default Swaps
In the end they cause more problems then they solve
If you have tried understanding what happened in Russia in 1998, you can see that the same phenomenon is being repeated in other parts of Europe
There are too many instruments that amplify the problems and the financial models do not give control to investors
anyways, the best institutions of USA, washington mutual, merrill lynch, the outgrowth of S&L RIP
8data 3 years ago
protond001,
do you understand how these games hurt people, Gotham Partners, you heard of them
how these CDOs are pyramid schemes for pensioners who had useful careers and how they give the wrong incentives to the financial community that is eating itself and us in the process
the game is up. The bag is no longer going to be held but the common person. Shareholder activism is here to stay.
8data 3 years ago
Notice how all the officials who backed the bailout, (Paulson, Bush, Bernacke included) keep insisting that the poor popularity for the plan among the citizenry is because THEY didn't adequately communicate it to us, THEY didn't explain the benefits to the average consumer... YOU don't understand how this plan helps you because is was a failure on THEIR part. All of there delusions come from the fact that they believe that WE, the people, are accountable to them and not the other way around.
npayne12 3 years ago 8
Off with his head!!!
jehnubis 3 years ago
I pay attention to whats going on and I know very little about this guy. (watch Pelosi's account of this on C Rose vid--political hack & genius??) & no Pelosi's not perfect either.
He's in charge of $700 billion dollars to rescue an industry that was either shady or criminal and they won't tell us which.
No oversight! You twisted our arms and yes we needed to do something. $700 billion!
To go where? Socializing(?) the banks is far from all of it Mr. Doublespeak!
437thx1138 3 years ago
Let's see, the government owning the banks. Isn't that socialistic?
tcampbellla 3 years ago
Even before the financial crisis, I got the impression that Paulson was not up to the task when I heard him speak. Now, every time I hear him speak time and again, the more he sounds confused and incapable.
bizarreworld123 3 years ago
were fucked... and he's fucking dumb.
blackmasksalve 3 years ago
If they wanted to do it right, in terms of publicity, they shouldn't have tried to rush it through using the same fear tactics that they used to get the Patriot Act through. Instead, you had dissenssion that the public could see, and therefore the belief that it was only consented to due to pork-barrel spending.
yohaneuano4 3 years ago 3
crook, liar and a worthless human being.
juliohopscotch 3 years ago 3
Crook And A Liar
bertmarx 3 years ago 12