Tuesday, October 14, 2008

The Fox is in the Hen House


How reassuring is it to learn that Treasury Secretary Henry M. Paulson Jr., the former head of Goldman Sachs and one of the firm’s most accomplished global deal makers, is leading the Bush administration’s struggle to contain an economic contagion stemming from a disintegrating housing sector, volatile financial markets and frozen credit, resurgent inflation and widening job losses?

In other words, the man who made a personal fortune short-selling and manipulating markets and clients with ruthless abandon (His bonus in his last year was in excess of $35 Million.) is now going to lead us all out of the desert.

And then why should we be surprised that Goldman Sachs will itself be one of the beneficiaries of the instant government largess?

The man who should be behind bars is the Treasury Secretary.

We'd like to say, "Only in America," but that would leave out Italy, France, Germany and most of the plundering civilized world.

3 comments:

Anonymous said...

Ha, ha, ha.

An these are the type of people Gordo and Harper want to emulate?

Ha, ha, ha,

Screw the poor, tax the middle class and create a legal system that prevents redress from corrupt politicians, bureaucrats and corporate figures.

David in North Burnaby BC said...

I'm looking forward to Barry Obama replacing this guy with Franklin Raines.

Anonymous said...

Scotiabank has lost $82 billion and the Canadian press is keeping this fact away from the public. CNN revealed this is a documentary call THE GREAT WALL STREET SWINDLE.
Folks in Toronto were interviewed: one woman said she was losing her home, another said she is 65 and must go back to work. The Cdn media are to be condemned for hiding this info.