9/29/2008

It Gets Dirtier and Dirtier

And the dirtiest one in this is Paulson. Get this, Paulson is the former chair of Goldman Sachs, one of the biggest investment banks in the world. You have the former Chairman of Goldman Sachs asking for 700 billion dollars, and in his initial request, asking for it in such a way that he should have resigned. This bill is horrible. Not just no review, no judicial review, no congressional accountability. "Give me 700 billion dollars, 700 BILLION dollars! 'I'll be glad to spend it for you." That's a centralization of power that is totally unacceptable.

Hank Paulson let Lehman Brothers go bankrupt while intervening to save AIG, only for it to be revealed after the fact that Goldman Sachs -- Paulson's career-long firm of which he was Chairman until just a couple years ago -- would have lost $20 billion had AIG failed. Worse, Goldman's current CEO, Lloyd Blankfein, was present with Paulson when the decision to save AIG was made.

Jesus Christ, Paulson may be guilty of an outright crime. This is called Mussolini Capitalism, a system where only friends get the goodies. The corruption he has engaged in with his Wall Street pals (who get off scott free and with a pile of new money) is detailed here.

Glenn Greenwald has a terrific analysis in (believe it or not) Salon. Read it. No reason these thieves want it passed right away. The more time we take the more crooks we will catch.

Read the two links and have the dramamine handy, because you will certainly have the urge to vomit. Good ol' Greta is talking about right now on FOX.

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