Feeds:
Posts
Comments

Posts Tagged ‘Henry Paulson’

What would you do if you learned that your government had outsourced its central banking function to a private company? Furthermore that this company had only a loose affiliation to the government, and that the government have very little oversight into this entity both in terms of controlling its behavior and being able to see [...]

Read Full Post »

There was a huge focus on change during the Obama presidential campaign. However, after being elected, Obama had the opportunity, or at least the perceived opportunity to bring in fresh blood into the senior posts. However, Obama decided to select the same people from previous administrations. This was extremely concerning, particularly for the cabinet positions [...]

Read Full Post »

We thought this was a good primer as to what we can expect in the coming years. It provides a historical perspective as to what happens during a financial crisis. Actually, it is likely that we can expect worse than this due to the size of the bubble on the upside combined with the utter [...]

Read Full Post »

(picture from http://boicemail.blogspot.com/2007/05/may-7-2007-newsletter.html) While banks are begging for and getting money to cover their losses, what has been must less discussed is whether homeowners will be offered debt relief. Henry Paulson, the Secretary of the Treasury has stated that the number one thing the government can do for the average American is “stabilize the banking [...]

Read Full Post »

As more information has come to light about the bailout it has become apparent that Secretary of Treasury Henry Paulson is non simply incompetent, as originally thought, but is acting in ways that are illegal and counter to the public interest. The effects of Paulson’s actions promise to negatively reverberate in this country for decades [...]

Read Full Post »

We found this post from Dean Baker extremely timely and interesting. What it points to is that we have a financial industry which is dedicated to creating asset bubbles, getting involved in more and more complex financial instruments, all of which have little bearing on producing real value. As for our advanced education system, it [...]

Read Full Post »

The politicians are clearly not following the public will on the issue of the bail out. Furthermore, it appears that this financial crisis is being used to expropriate taxpayer money in addition to illegally changing tax law and further concentrating banking power in the country. We thought this was a well written letter from a [...]

Read Full Post »

To believe this video, the corrupt money focused people who were instrumental in getting the US into this crisis, will help us get out of it. Not discussed is how Paulson illegally changed tax law to benefit his Wall St. friends, and how banks are already using the federal funds for purposes that violate the [...]

Read Full Post »