Use access key #2 to skip to page content.

alstry (35.03)

Paulson says SQUEAL my little sheeple

Recs

15

September 21, 2008 – Comments (6)

Paulson was CEO of Goldman Sachs.  GS was one of the key players in creating this mess while Paulson presided.  GS new exactly how bad things were and you can bet Paulson knew as well.  All along Paulson says all is fine while Alstry, Denninger, Mish, Roubini and others were warning about how bad things really are. 

Paulson now creates this crisis so we can write GS and other Wall Street buddies hundreds of billions worth of checks leaving we taxpayers on the hook.  Not only that, Paulson gets to pick which banks live and which die with no possible recourse or accountibility.  If you are a bank, you better suck Paulson hard or he might Lehman you next.

Anyone think there is a conflict of interest giving absolute power to a Goldman CEO allowing him to decide which banks live and which die.  Look at his face when he speaks.....does this look like a man you can trust?

I wish I knew how to imbed...this would be the perfect spot for a picture.

How much money do you think his Wall Street buddies may be setting aside when this is all over and he is back looking for a job???

Welcome to Amerika.......pretty soon.....just a few bankers will have all of our money and there will be few choices left on caps.

 

I stongly recommend the following.....The Denninger is dead on.

http://market-ticker.denninger.net/archives/587-The-Mother-Of-All-Frauds.html

 

6 Comments – Post Your Own

#1) On September 21, 2008 at 10:26 PM, Imperial1964 (97.93) wrote:

Yeah.  A little conflict of interest there.

Do you really trust him to run this fairly when he has the sole discretion to decide who gets helped, how much, and there is no oversight or way to challenge it in the courts?

Furthermore, the $700B is a cap on assets held at one time.  Actual losses could possibly be more.

Report this comment
#2) On September 21, 2008 at 10:44 PM, alstry (35.03) wrote:

You are dead write about the cap....not doubt the losses will be multiples more!!!!!

Now Goldman is going to become a bank with access to the FED.....you have to love the new Amerika. 

My friends.....you may have to hedge against a nookliar scenario.

Report this comment
#3) On September 21, 2008 at 10:53 PM, alstry (35.03) wrote:

Hanky...remember when we took care of you so can you throw us a bone:

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

Report this comment
#4) On September 21, 2008 at 11:01 PM, EScroogeJr (< 20) wrote:

Alstry, I can't believe my eyes. You write a comment, and I agree with it 100%. What happened?

Report this comment
#5) On September 21, 2008 at 11:05 PM, nuf2bdangrus (< 20) wrote:

Solving debt with more debt is like giving the addict another fix.  He feels better for a day, but then.........

Report this comment
#6) On September 21, 2008 at 11:17 PM, alstry (35.03) wrote:

Scrooge,

I have little doubt, in the end, you will agree with most of what I say.....that has sort of been a common theme in my life. 

If Paulson was a Judge, he would be forced to recuse himself due to conflict of interest.  He has no business being in any part of this.......and he is about to screw all of us and not a single politician has raised the conflict of interest issue?????

Report this comment

Featured Broker Partners


Advertisement