Dylan Ratigan rips Paulson for creating credit crisis

CNBC's Ratigan calls out Treasury Secretary Hank Paulson for pushing for deregulation that caused the investment banks to go bust, due to extreme leverage, while he was CEO at Goldman Sachs

Category:

News & Politics

Tags:

• Credit
• crisis
• banks
• economics
• Goldman
• Sachs
• Hank
• Paulson
• Treasury
• Secretary
• CNBC
• Ratigan
• deregulation
• net
• capital
• rule

[garyowen4ever]

various authors and dylan are raving about the corrupt cabal and lack of federal prosecution of this world class finanacial scandal,,,their all complicit, the feds prefer to persecute martha stewart and eliot spitzer for jay walking.

[FactNotRhetoric]

It is the Federal Government and it's Good Ol Boy Spending to Campaign Contributors that caused the bubble.

Our President has borrowed $6.4 Trillion in his 4 year term and fed the entire amount to his Campaign Contributors in so called Stimulus Programs and Jobs Programs. The money stayed in the hands of his campaign donors and never made it to create a single job. The rich get richer and the poor get poorer. No jobs were created our Tax Revenues decreased 16%. No economy stimulated-GDP stuck.

[Neosaigo]

@FactNotRhetoric Actually the stimulus did create quite a bit of jobs, but since it is mostly tax cuts, it didn't create enough jobs. Check your facts please.

[4rcane]

If the objective was to save his buddies, the solution actually worked, all the companies who got us into the problem got bailed out with billions. All loses goes to tax payers. If the objective was to save the economy, no it didnt work, that wasn't the intention