Anybody who thinks Paulson and Bernanke did good needs to change what he's smoking. The Fed is crooked, and Paulson is one of the biggest crooks
LS
Originally Posted by LittleSpike
INDEED!
Paulson was given complete unfettered control over the first lump of TARP money, from which he immediately gave several hundred $M to a company in which he owned several $M stock. CONFLICT OF INTEREST!
And this bubble was inflated only to burst during the administration of the ones who are now in charge of doling out the STIMULUS FUNDS to banks etc.
Then as the TARP funds are repaid, they are considered for redisbursement into other (unauthorized by Congressional vote) 'projects' to 'stimulate' the economy.
And then there are the BANKS which say they have to pay bonuses to keep their people. Let their people go elsewhere if they want. If no bank pays a bonus for the duration of this recession, where will their erstwhile people go?
Let 'em all go to hell!
rr