Paulson & Bernanke Claimed No Bailout of 'Moral Hazard'

Discussion in 'Wall St. News' started by ByLoSellHi, Sep 20, 2008.

  1. They claimed this even though when BSC and LEH collapsed.

    It was reported that Paulson was allegedly 'irate' at the suggestion that Treasury backstop Lehman to prevent its demise.

    Yet, here we are, mere days after the collapse of Lehman, and none other than golden boy Hank Paulson is crafting a plan behind closed doors with his cohort and partner in crime, Benjamin Bernanke - CRAFTING A PLAN TO BAIL OUT EVERY RECKLESS FINANCIAL INSTITUTION IN THE COUNTRY.

    The scare congress, if scum like Schumer are to be believed, by threatening that if Congress doesn't approve such a massive taxpayer-funded bailout, we'd have another depression.

    Anyone see the incredible irony here?