Posts tagged as:

Henry Paulson

The Difference Between Bank of America and Americans

January 14, 2009

Remember when the so-called very solvent Bank of America decided to purchase Merrill Lynch?  Everyone applauded and was cheerful, at least in the short run… the very short run.  Remember when Americans decided to buy houses they thought they could afford and everyone was happy in the short run? 
Both Bank of America and thousands of [...]

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Bush May Pass the Buck, All $350 Billion

December 19, 2008

The Bush administration has said that it may not go to Congress to ask for the remaining $350 Billion that Paulson wants.
The White House said it won’t necessarily ask Congress to release the second half of the $700 billion Trouble Asset Relief Program, suggesting that the decision will fall to President-elect Barack Obama.

However, Paulson wants [...]

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Hank Wants More

December 19, 2008

Henry Paulson is looking for the rest of the $700 Billion for Christmas. He has “invested” $350 Billion and now is asking for the final $350 Billion before the holidays.
Paulson’s call for the other $350 billion may set off a debate in Congress, where some members have criticized the Treasury chief’s management of TARP [...]

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Weekend Thieves Steal the Treasury

November 23, 2008

Let’s hope that Bloomberg got it wrong. But, just in case they are right, you may as well laugh now, because you will be crying when this is over… or ready to riot in the streets.
We all knew that the mice were eating our cheese all weekend, but who would have guessed? All [...]

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Citigroup Never Saw It Coming?

November 23, 2008

If BS were poetry we would all be millionaires. That’s what my aunt would say.
In September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being.
There, Citigroup’s chief executive,

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Another Weekend Bailout? It’s Citigroup This Time

November 22, 2008

Chances are Citigroup and the Department of Treasury will be working into the wee hours, under cover of darkness and in the shadows, to save the the floundering bank. That’s speculation on my part, but the indicators seem to be there for another weekend retreat and resuscitation.
With the sharp stock-market decline for Citigroup rapidly [...]

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Timothy Geithner or Anyone But Henry Paulson?

November 21, 2008

Stocks have been in a downward spiral for the past few weeks, seemingly being sucked into one of the universe’s black holes. These events have come primarily since Congress handed the $700 Billion check to Henry Paulson.
Today the stock market seemed to see a glimmer of the hope the rest of us [...]

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Bair Eats Paulson’s Lunch and His Plan A, Plan B…

November 18, 2008

Sheila Bair, Chairwoman of the FDIC, may be the only appointee of the present administration that gives a rat’s ass about anyone who doesn’t suck from the Wall Street teat. We have all seen Henry Paulson hand out early Christmas gifts to the bankers on Wall Street… and insurance companies. But, it has [...]

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Paulson Testifies Before Congress

November 18, 2008

Apparently, there is no agreement among anyone these days. Hank Houdini’s bait and switch plan has brought out the ire of the House Financial Services Committee today. Congressmen did not hesitate to express their dismay at the plan… Plan A, Plan B, or Plan C… whichever is the flavor of the day.
“The rescue [...]

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Henry Paulson Rolls Up TARP, Rolls Out Red Carpet

November 12, 2008

Henry Paulson has more magic up his sleeve than Harry Houdini did. Just think about the “changes” in plans we have seen since the September melt-down. Paulson’s new plan consists of rolling up the TARP and rolling out the red carpet to his banking buds.
Can we all remember Ol’ Hank pleading with America [...]

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