tag:blogger.com,1999:blog-20417751.post460109761005073864..comments2024-01-22T18:22:29.391-08:00Comments on hedera's corner: Paulson's Bailout, Take Twohederahttp://www.blogger.com/profile/01696592301686568456noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-20417751.post-16468836394412146902008-11-26T21:19:00.000-08:002008-11-26T21:19:00.000-08:00But I'm interested in how the banking business wor...But I'm <I>interested</I> in how the banking business works. Actually, I'm interested in how almost anything works, banking included.hederahttps://www.blogger.com/profile/01696592301686568456noreply@blogger.comtag:blogger.com,1999:blog-20417751.post-88716348990984076672008-11-26T05:52:00.000-08:002008-11-26T05:52:00.000-08:00Hedera, this is really a cool post. But wouldn...Hedera, this is really a cool post. But wouldn't it be so much more fun if we didn't have to find out about how the banking business works? What dull stuff it is! Now I remember why I chose not to get an MBA. Even law school would've been better. <BR/><BR/>Paranoid? Naw. There's a lot of speculation around. How's this? Paulson and Bernanke are performing the same thankless task that Colin Powell did during the run-up to the Iraq invasion. Present a lot of phony "evidence" of doom and gloom, and demand huge amounts of money to fix it. Remember, these are Bush people. It wasn't the Congress, or the fiduciary committees of Congress that initiated this bail-out thing, it was the Bush people. Paulson lied when he said he was going to use 700 billion to "buy up the toxic debt." He had no intention of doing anything of the kind. Remember, Paulson and Bernanke come directly from Wall Street. In just 60 days--give or take a week--both men will return to executive positions in the industry they've just bailed out, and their reward will be hundreds of millions of dollars in salary and perks. You could even say, with justice, that they're engineering their own parachutes, since the companies they go to work for will be among those which received all that filthy lucre!<BR/><BR/>The Republican agenda since Reagan has been to balloon the federal debt, then strangle all the programs that taxes support. The other part of that equation is to see to it that the federal money goes to your friends and contributors, instead of the people. <BR/><BR/>I'd say Paulson is doing his job description as written by Bush & Co.Curtis Favillehttps://www.blogger.com/profile/06213075853354387634noreply@blogger.comtag:blogger.com,1999:blog-20417751.post-12575718610687998962008-11-25T15:30:00.000-08:002008-11-25T15:30:00.000-08:00Everyone is negative about the economy, but I say ...Everyone is negative about the economy, but I say now is the best time ever to start a business, buy a home, etc. The bailout is causing lenders to practically give away money. You would be surprised at how much cheap and in some cases "free" money is going around out there. <BR/><BR/><A HREF="http://moneyloansfinance.blogspot.com/" REL="nofollow">Bailouts for Everyone</A>Anonymousnoreply@blogger.com