MyFox
 

JQPublix's side room

by JQPublix from Greensboro, NC

Last Post 57 days, 4 hours Ago


Take a look at Treasury Secretary Paulson's ties. And the democratic Congress is talking about giving control for this guy to dole out $700 billion to $1 trillion? This guy is talking about bailing out foreign banks also?

"Both parties in Washington are about to screw us over on an unprecedented scale. They are threatening us with fiscal apocalypse if we don’t fork over $700 billion to Treasury Secretary Henry Paulson and allow him to dole it out to whomever he chooses in whatever amount he chooses — without public input or recourse. They are rushing like mad to cram this Mother of All Bailouts down our throats in the next 72-96 hours. And right there in the text of the proposal is this naked power grab: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”

More on the scary facts about this guy are here:

http://michellemalkin.com/2008/09/22/why-henry-
paulson-must-be-contained/

5 Comments |  Add a Comment

Member Comments Total Comments: 5
Page 1 of 1
cook2712 read my blog view my photos
Sep 22, 2008 | 4:19 PM

Looks like we all will be demacrats before its over

Dwilli1 read my blog
Sep 22, 2008 | 7:11 PM

you've not heard that - why are you not posting facts?

look at paulson's ties:

Reuters reports today that "The incoming Treasury secretary, Henry M. Paulson Jr., was awarded an $18.7 million cash bonus for half a year of work as the chief executive of the Goldman Sachs Group." The massive bonus was, not surprisingly, approved by Goldman Sachs at the very same time Paulson was both CEO and Treasury Secretary designate. This raises a very simple question: What is Goldman Sachs buying with this brazen payoff to someone they knew was headed to one of the most powerful government posts in America?
*******************

Dwilli1 read my blog
Sep 22, 2008 | 7:12 PM

that was in 2006.

fast foward:

The Fed approved requests from Goldman and Morgan Stanley to change their status as investment banks to commercial banks, which allows the pair to take deposits. The moves are likely aimed at allowing the pair to remain independent.

The ability to take deposits will also allow Goldman and Morgan Stanley to tap into a new source of capital to bolster their balance sheets.

The change will also provide permanent access to the Fed's emergency lending window. Goldman and Morgan Stanley had previously only received temporary access to the window. That access was granted in March after the near collapse and sale of Bear Stearns Cos. to JPMorgan Chase & Co.

Dwilli1 read my blog
Sep 22, 2008 | 7:13 PM

would you like the links to the sources?

JQPublix read my blog view my photos
Sep 23, 2008 | 7:16 PM

Sure that would be great DWilli1.

Page 1 of 1


Write your comment below:




JQPublix

44 year old professional.

Member Since: 1/26/2007