Henry Paulson and $700 Billion Bailout of Wall Street
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Uploader Comments (DraculVanHelsing)
All Comments (4)
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Drac.. You were right when you posted this and you have been vindicated by Paulson's actions recently. Anyone who would say otherwise is dilusional.
This bailout was a facsist takover of the banking industry. No one can deny that the banks losses were socialized and the taxpayers didn't even get the mortgage backed securities Hank was supposed to buy.
As you demonstrated this man has been wrong consistantly, yet they've given him dictatorial power. People will not wake up until it's too late.
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Firstly, when the fact change, his position change! And such is the fast changing situation these days, so PLEASE STOP REFERRING TO OUTDATED COMMENT!
Secondly, there's an asymmetry of information here, u gotta understand that hanks and ppl in the govt can see data and statistics that we cannot see. And that we cannot see these data because we just cannot... there's nothing we can do about that.
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The $700 billion is essentially going to be brand new inflationary money created by the Fed', right? Money which will line the pockets of the scum who caused this crisis in the first place, then dumped on the American taxpayer as yet more debt, bringing the national debt to over 11 trillion. In the long-run this can only cause inflation and bankrupt the US economy.
I watched Paulson and Bernanke testify in front of congress yesterday. Pure evil.
5:20
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Thirdly, as Hank's supporter, I must say that if only u've worked in Goldman Sachs before you would understand how smart and hardworking ppl are there & to be the CEO of this group of these ppl is definitely tougher than most job.I trust that he has the best interest in our country and will take us to safe land.
Finally,I understand that he may be asking for too much,but hey every sail needs a captain and if u don't really know where the economy is heading u just gotta trust your captain aite?
mkphotobase 3 years ago
That still doesn't change the fact that one man is being given sole authority to decide where the $700 billion should go.
DraculVanHelsing 3 years ago