Didn't Paulson Create this Crisis????
September 22, 2008
– Comments (8)
Last year, Goldman Sachs paid out $11.7bn (£6.7bn) to its 22,425 employees - around 3,000 of whom are in London.
Hank Paulson, the chairman and chief executive, was paid $38m in salary, shares and options - a 21 per cent increase on 2004. An average figure per staff member of $521,000 bursts through a barrier not even breached during the dot-com boom in 1999 and 2000.
http://www.independent.co.uk/news/business/news/521000-the-average-pay-of-goldman-sachs-employees-173-and-that-includes-secretaries-466273.html
When Paulson got his windfall in 2006....a material part of Goldman's profits was due directly from the sale of Toxic Debt to the public and institutions. It is this same toxic debt that Paulson is now forcing taxpayers to purchase. Paulson also says that we must pass this legislation giving Goldman Billions very quickly due to the severe toxicity of the debt and the castastrophic impact in can have on our economy. You think he didn't know this when he was selling the crap????
In the Amerika, Paulson gets huge bonuses for selling toxic debt and is able to convince our politicians to force tax payers to spend hundreds of billions buying it back. Would you force you child to consume toxic drugs?
In the United States of America, we imprison people for selling toxic drugs and confiscate any money or property obtained as a direct result of the proceeds from selling those toxic drugs.
Toxic drugs can destroy a society.....so can toxic debt. Just like a drug dealer, should Paulson and every other executive of any firm that was responsible for the manufacture and sale of toxic debt disgorge all bonuses back to the country to help fund Paulson's "rescue" package?
Is there much difference between toxic debt and toxic drugs??? Shouldn't Paulson take responsiblity for the crisis he helped create??? If this ain't the Fox guarding the Henhouse....I am not sure what qualifies????
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