That would be my first question of Henry “Hank” Paulson as he tries to railroad this country into a bad deal. Those would be quickly followed by a few others: Who’s getting fired? Who’s going to jail? What regulations will be put in place to ensure that Wall Street won’t do this again in 10 years?
Where’s the beef, Henry?
I watched Paulson over the weekend and he reminded me of Martin Short as a big oil spokesman in Saturday Night Live. The original one of him speaking for the cigarette companies is closer to the mark for Hank, but you get the idea. He never answered a single question Snuffleupagus asked him on Sunday morning. Just mumbled stuff that didn’t really mean anything, as if the type of people watching that program aren’t savvy enough to see through his bullshit.
It was insulting, really. At least send someone out to pull the wool over our eyes that knows how to really sell it. It took Colin Powell to sell the Iraq War. We should have at least gotten Greenspan to sell this shit. At least he is coherent and doesn’t inspire more uncertainty with ever word he utters. I am even more worried now that I know the caliber of the clowns in charge of these things.
Hank used to be CEO of Golman Sachs for fuck’s sake and that is the best he can do?
Looks like the October surprise came a few weeks early this year and should help Obama more than hurt him. So far, he is the only one I can find who has talked about applying a rigid structure to this bailout plan. Barack has addressed four key points that must be part of any plan he supports.
Not like Dodd and Schumer who are trying to ram this shit through Congress based on chimeras.
So I ask again to anyone out there who can explain it better than Barack has already done, linking bailouts to specific plans, and instead give me a reason why a total, no-strings-attached bailout is the right thing for American tax payers? I also want to know why we shouldn’t socialize the profits of these companies we save if we are being forced to absorb their losses? Why should millionaires and billionaires walk away with barely a scratch while We The People get screwed?
When are we going to envision, enable and enforce standards of conduct that are in line with the long-term interests of our country?
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