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Hank "3 Page Blank-Check Term Sheet" Paulson Issues First Mutual Assured Destruction Statement Since Retirement
Earlier today, the man who first took Mutual Assured Destruction and converted it into an artform, former Goldman Sachs Treasury Secretary Hank Paulson, sat down with his materially more intellectually challenged successor over breakfast, supposedly to discuss the economy, but really to tell TurboTax how to really scare the briader Joe Sixpackery about what will happen should the kleptocratic status quo see a drop in its cumulative checking account or if, heaven forbid, "risk" is once again mentioned in the same sentence as "return." Stuttering Hank, sick and tired of not being able to threaten the general sheeple with fire and brimstone, has thus taken this opportunity to reinforce the end of the world scenarios so poignantly presented Tiny Tim and released the following statement (via the WSJ) following his breakfast:
“Now is the time for action on both raising the debt ceiling and
tackling the U.S. debt and deficits through significant and lasting
spending reduction, entitlement reform and tax reform. Our growing debt
is the single largest threat to our nation’s future. Real reform that
puts us on a sustainable fiscal path is critical to U.S. economic
competitiveness. This is not an easy task, and will involve tough
decisions on all sides. I am confident that this administration and
Congressional leaders in both parties are working in good faith toward a
solution. And the sense of urgency is clear – failing to raise the debt
ceiling would do irreparable harm to our credit standing, would
undermine our ability to lead on global economic issues and would damage
our economy.”
Good old Hank: can always rely on him to stick to the script when his old friends from Goldman come calling. In other news: nobody gives a rat's ass.
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It was close, so close...!
"...would undermine our ability to lead on global economic issues.." hilarious, this guy is a comedian
shove that crooked pinky up your ass
That's called a mallet finger. If it were a bigger mallet, he could use it to hit himself on the head. I don't know if it is just me, but the way he talks, and what he says in such a way as if saying, I'm a Wall Streeter, so I am supposed to make lots of money, now what were we discussing?
At least Warren Buffett's still a bull: http://finance.yahoo.com/news/Buffetts-Unwavering-Optimism-tsmf-33773170...
Fuck that worthless piece of dog shit and prosecute him along with the rest of the criminal elite, put them in solitary confinement and throw away the key.
When will someone start publishing the home addresses of elite bankers and pseudo-politicians like Paulson for protests Versailles style?
Better yet, GPS coordinates, and stock pile some JDAMS.
Touche !
need more comments like this to rattle the sheeple to action . . .
"Our growing debt is the single largest threat to our nation’s future." This phrase and the many like it have almost come to accepted as conventional wisdom. That is frightening because something else then is really the largest threat. Don't get me wrong this debt thing is critical but what else is it that we should be fearing more?
That man should be in a prison in Iraq with other Taliban despots. What a pathetic excuse for a human being.
Does anyone seriously care what Paulson has to say?
He, and his cohorts, blindfold us and take us out to a ledge, then scream how precarious it is out there, then shakes us down for all our money to save us from the fall, and then claim hero status.
When does this madness finally end? When we take such leaders out to a ledge of our choosing, and push them over -- Hank, Barney, Tim, Jamie.. they all need to go on a little walk..
Tyler! You bring out the very best in me. http://thecivillibertarian.blogspot.com/2011/07/hank-paulson-im-calling-...
Bernanke's stubble is artistic genius of the highest order
+1 Paulson you s@ck! and take your TARP with you!
"Our growing debt is the single largest threat to our nation's future"
Well, Hankey..........
Since you helped to exponentially increase it through your traitorous graft programs such as TARP, this would infer that YOU are a threat to our nation's future.
Ya..Ya... That's it... Lets raise the Debt ceiling.... So we can save money..... and reduce debt.... The fucking physcos are running the fucking nuthouse. And is H Paulson not dead yet...??? Sometimes,Time sure drags on....
Our military needs to 'take care' of this financial terrorist
+7.62
Unfortunately our military works for Paulson and his fellow globalists.
Tuco
"Unfortunately our military works for Paulson and his fellow globalists."
Yep, true. But they also realize that there is a very obvious Catch-22. If they can't sell more debt, how will they pay the military?
This from the kloptocrat who undermind the USA Constitution, the free market, pretty much every fiancial and fraud law on the books ... so that he and his buddies could enhance their unearned standard of living.
I am thinking that he should STFU and hide under a rock, where he belongs. I don't see how treasonously selling out 300 million people gives him the right to anything.
More fear-mongering! And they call US doom and gloomers!
Don't buy the lie!
"damage our economy" ???
Christ almighty, man, look at the dam thing already! Them dents aint a'goin to polish out.
Hank Paulson DIAF!
The Banks and Hedge Funds have so much profit from the 2 year run up. They do not want to Sell because they would have to pay Capital Gains Taxes.
That 15% tax rate would really hurt their bottom line.
THE WORST TREASURER EVER - EVEN WORSE THAN GEITHNER AND THAT IS REALLY BAD.
his signature is on a lot of these FRNs, too
souvenirs from hell
It must mean the GS is going to take a haircut.....otherwise he would be silent....the Dems just shut down CCB in a close vote I thought....to me the ball is in Harry Reid´s hands now....
Actually, I think the ball is on the ground... Harry fumbled it.
btw, I too was surprised at the margin on CCB in the Senate: 51/46.
I say let's raise the debt ceiling - but only issue new debt with these
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catal...
The Banks have a huge position in Credit Default Swaps on the United States.
They have crumbled other Countries like Ireland, Greece and now need to move on to the US. It is imperative that the Debt of the US gets so large that it cannot be paid and the Us becomes Bankrupt.
That is the only way their Credit Default Swaps will pay off.
hey, wfs!
how about the BigBadBanksterBag move?
1) the congo and prez0 stage a huge catfight
2) we default. this would also be a harbinger of doom for other goobermint bond markets, too.
3) prices plummet as the FED announces: "Deflation wins, BiCheZ!"
4) then the FED buys up about 70% of all US People's debt @ abt 11 cents on the dollar. with freshly-printed green stamps, no less
5) the FED has a big bonfire with the debt and says: "There! Hahaha!" as
6)The People commission another "mt rushmore" for the chairsatan, prez0, and timmah
too obvious?
Pay off by whom pray tell--and with what; to whom??? Milestones
They say history repeats. With Paulson being brought into the politics, will we repeat 2008, where the House voted down TARP and we lost 600 pts on the dow? Will they vote down debt ceiling and we get a huge down draft panic?
My parents still live in the sixth district and they like to complain about Bachmann, but I always counter with "she voted No to TARP". That makes for a short list of the current pres canidates.
Expect to see the mother of all bullshit intended for sheeple consumption statements by Bernankio and/or Jeetner today prior to 4 pm:
- 07-22 12:45: US Treasury says Secretary Geither, Fed's Bernake and Fed's Dudley met to talk about implications for US economy if debt ceiling is not raised
Why do they have to tell the world that they met to discuss this matter? Oh, I know - because they're 'deeply worried' behind the scenes! This is a classic technique in theater first used by the Greeks, whereby actors would act off to the side of the stage, while the main show would go on center stage, to give the audience the impression that there was some greater dynamic at work than what they were 'supposed' to witness or see.HP had to sell his GS shares before taking on the Treasury Sec job. This is reqd by law. So the Bush govt & the lawmakers made it profitable for Tr Secs by not imposing capital gains taxes on such transactions. HP saved millions of dollars by avoiding taxes.
Are you still wondering why there is a huge budget deficit?
Wow, they are bringing out all the banking scumbags to try and scare people now. Who is going to believe anything is asshole says, when he lied to Americans to get his little TARP bailouts and sail off into the sunset with fat checks from his banker buddies?
You would think these morons would crawl in a hole, and pray no one blowed their brains out, but they keep wanting to stick their heads out and put their worthless two cents in the mix.
Default is exactly where the US needs to go....along with Greece and the rest of them. A complete reset is the only way out now. The rest is smoke and mirrors.
Now is the time for Paulson to STFU!!!!
Yeah right. The last time you used fear to override the congress by making them ignore public opinion that was 100:1 and forced them to vote for a bailout using some backdoor mechanism. Where are we? Still at 9.2% unemployment and nothing has been marked to market but instead to make believe. How about you once close your stuttering mouth and go away?
Hank Paulson, today - "Our growing debt is the single largest threat to our nation's future"
Barack Obama, 2009 - "Our current healthcare system is the single largest threat to our nation's future"
Janet Napolitano, 2011- "Domestic terrorism is the single greatest threat to our nations security."
Al Gore, 2006 - "Climate change is the biggest threat to our nations future."
GW Bush, 2006 - " America's dependence of foreign oil is the single biggest problem affecting our nations future."
I could continue ad nauseum, but the point is clear. The culture of fear which is being propagated upon the American people by our politicians and other so-called leaders continues to be an effective method of pursuasion and control. Fear obscures reason, clouds judgement, promotes intense emotion and makes individuals more pliant.
Using fear as a political and societal engineering tool has been prevalent throughout history. Nazi Germany perfected its use to mobilize its people against a perceived common enemy. Military contractors use fear to promote their defense of the American way of life. The media sensationalize our irrational fear of anything to keep us mesmerized in front of the TV, thereby increasing ratings and raising profits through greater ad revenue. The pharmaceutical companies have raised the propagation of fear to an art. How many new diseases can they come up with?
IMHO, the single greatest threat to our nations future is FEAR.
Franklin Roosevelt said it best, "the only thing we have to fear, is fear itself."
This guy should be in jail for orchestrating one of the biggest thefts this country has seen in the bailing out of failed institutions.
geez, no shit, mr.hankey
geez, no shit, mr. hankey
geez, no shit, mr. hankey
Did someone call? HiDeeHo Bitchez!
Well ,if the .gub would tax the shit out of this dick,(can't do that to suck buddie donors can we?)and MANY others like it,maybe we could ease the PLIGHT of the Spending Ninnies.
http://beta.news.yahoo.com/blogs/lookout/g-e-paid-no-taxes-5-1-billion-20110325-082417-878.html
GE reports 21.6% rise in profit, $3.8B...
Senator Obama's Floor Speech, Voting Against a Debt Ceiling Increase, on March 20, 2006 :Where is this guy now? Didn't he also make one other rant against the wars? Now he takes us from two to three wars. "buck stops here" - my ass.
We get this from the man who gave billions to crony friends.
Apparently he doesn't see the inconsistency of his statement. To tackle the US debt problem would imply spending cuts, not more debt.
This shit made my blood boil 2.5 years ago ...
It still makes my blood boil !!
Fucking prick ...
Get fuc_ed you criminal!
Isnt this the same liar that told the American people that if we didnt go along with the $700 BILLION bailout to his friends on Wall Street the world would implode? Is this that same guy who took taxpaper money handed it to the criminals who caused the crises and allowed them to get multi million dollar bonues while their companies should have been liquidated? Is this that same liar that worked at the criminal cabal known as Goldman Sachs that is reponsible for more economic harm to more people in this world than any other group of people? If so, FU Hank!
yes..... it's the same guy, all right.... lulz. "like a bad penny". Stretches the imagination to Outer Limits... and that's saying a lot, with all the beyond incredible BS going on
We still have a credit standing? Who knew?
GFY Hank. I think he's looking to pad his stock holdings as GS is about to implode. What a Santorum slurper! Give Blanken 'the ship is fucking sinkin' fein the tongue lick on his balz next time you go down on the knees to dp throat him.
GFY Hank. I think he's looking to pad his stock holdings as GS is about to implode. What a Santorum slurper! Give Blanken 'the ship is fucking sinkin' fein the tongue lick on his balz next time you go down on the knees to dp throat him.
Hank,
Please go F**K yourself.
Hank Paulson = TRAITOR
Hank Paulson = LIAR
Hank Paulson = THIEF
Friday TARP was passed, I was terrified by Paulson's power--i prayed for his righteousness, my prayers were not met because my worst fears were matched with his actions over the weekend when he passed out money to the bank cartel heads at treasury....then said it was to keep lending flowing...700 billion dollar bazooka LIE to the citizens of the United States and the biggest heist in the history of man.
I posted an articl in 2009 from a MN newspaper where the CEO of US Bancorp revealed to a lunch crowd that treasury instructed him to sign for TARP and to tell the public it was for loans, but to not use it for that purpose, use the money to do darwinian cleansing and buy little banks....in other words, Paulson LIED and then proceeded to instruct the recipients to LIE to the public from whom the money and trust was borrowed.
This man put our country in long term jeopardy.
i think one word when i think about the tag team hank/ben--treason.
http://rezepteohnekohlenhydrate.com
"Our" credit standing? L'etat, ce n'est pas moi, Hank. Go back into hiding, you goddamned hump.