Henry Paulson

Discussion in 'Chit Chat' started by mgookin, Sep 20, 2008.

  1. Joab

    Joab


    Yes they did and daddy Bush was the orchestra leader.

    Americans have been railroaded and sold out by a Fear monger.
     
    #21     Sep 21, 2008
  2. ron2368

    ron2368

    US Treasury Secretary Henry Paulson said on Sunday that foreign banks will be able to unload bad financial assets under a $700 billion US proposal aimed at restoring order during a devastating financial crisis.
     
    #22     Sep 21, 2008
  3. Joab

    Joab


    Try Rednecks, helping Rednecks !
     
    #23     Sep 21, 2008
  4. AMEN brother, what bothers me the most is his absolute ARROGANCE in saying that he won't accept any tightning of regulations or constrictions on terms...BULL SHIT,
     
    #24     Sep 21, 2008
  5. Jocks helping jocks

    frigging disgusting.

    exterminate these gay men.
     
    #25     Sep 21, 2008
  6. This is what he says now:

    “There have been excesses for a long time,” Treasury Secretary Henry Paulson said, denouncing “irresponsible practices” in which mortgages were extended to unqualified buyers, then “sliced and diced and sold all over the world.”

    “It’s terrible, inexcusable, and we need to deal with it,” he said.

    This was him in 2007:

    Nov. 5, 2007 (Bloomberg) -- Treasury Secretary Henry Paulson says the U.S. is examining the subprime mortgage crisis to ensure that ``yesterday's excesses'' aren't repeated. He could be talking about himself and his former firm, Goldman Sachs Group Inc.

    Paulson, 61, doesn't mention that Goldman still has on the market some $13 billion of almost $37 billion in bonds backed by subprime loans or second mortgages that it created while he was chief executive officer. Those bonds have an average delinquency rate of almost 22 percent, higher than the average of other subprime bonds from the period, according to data compiled by Bloomberg.

    ``He should admit to having been involved in creating the problem that we have now,'' said Representative Brad Miller, a North Carolina Democrat, who introduced a bill Oct. 22 to make firms packaging subprime mortgages liable for bad loans in some circumstances.

    Starting in March, Paulson said the damage was ``largely contained'' and was no risk to the larger economy. When other credit markets began to be affected, he and others began pushing for solutions.

    ``I can't help but notice that when middle-class homeowners were losing their homes to foreclosure, he was pretty nonchalant about it,'' Miller said of Paulson. ``But when Wall Street CEOs start seeing trouble in their absurdly complicated financial instruments built on the mortgages of middle-class homeowners, he feels their pain.''
     
    #26     Sep 21, 2008
  7. Awesome stuff.
    Do you have url(s) for the source?
    Let's hang this bastard.
     
    #27     Sep 21, 2008
  8. Jegnyr

    Jegnyr

    It seems like the media will not ask for the heads of those who created this mess (Hank, Ben, Chris, Alen, ect), and will instead do the opposite and praise them for all the work they are doing to save us from the crisis..........why not give a flame thrower to the very guys who burned down half the house with a book of matches?
     
    #28     Sep 21, 2008
  9. “No one knows what to do. We are in new territory, this is a different game. [Neither Federal Reserve Chairman Ben Bernanke nor Treasury Secretary Henry Paulson] know what to do, but they are trying to come up with ideas.” Gee! Maybe the chief architects of this grand failure have a solution? They should be ignored then imprisoned. Perhaps they are seeking final opportunities to steal, raid, and pilfer from the public till during the final months of this Administration.
     
    #29     Sep 21, 2008
  10. Last I heard the major banks had reported great numbers. Gee do you think Goldman falling 40% from Tuesday to Wednesday had anything to do with this sudden new urgency.

    Were was that urgency with Leham,hum.
     
    #30     Sep 21, 2008