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The Paulson Hearing Webcast
Spare yourself the commercial interruptions (and an artificially
inflated Nielsen score for you know who): here is the live webcast of
the Paulson hearing:
http://boss.streamos.com/wmedia-live/groc/16423/200_groc-110oversighthearings_070129.asx
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I will have to wait for the highlights, I think I will spare myself listening to Paulson Drone on..... It gives me vomit reflex syndrome. I hope he kept his GS stock, he should be sitting pretty now.
He sold his GS stock close to the all time high (above $200). He had to upon becoming treasury secretary. The kicker is because he was forced to sell to take the job his disposition was tax free. The sale netted him almost $700m.
Rather listen to the bald than the elf.
See that is where the inquiry needs to start - Market crash May 2006, China announcing moving away from USD. Snow being asked to resign and Paulson coming in - cashing out the $200 GS Shares. To put in a plan with a two year time frame to get the markets upto 15k thru the PPT. And then another one and half years to walk away from the mess.
As I watch this testimony, either he stutters and fumbles over words like a dunce or he's REALLY nervous and being super careful with his words. A little (or a lot) of both, I guess.
This bastard needs to be sharing a bunk with Madoff.
what about the ba**rds who are currently running things?
Paint a wall the brightest white you can find. Line them up. Load, aim and fire.
The shock doctrine is still working for paulson--he is singing the song that what would have happened if he hadn't blessed us all with taking the future of America into the pockets of the Fed's agents last fall with aig save, tarp and other acronyms....funny how it is OK for Paulson and Bernake to perpetuate his thought experiment, yet, no one will allow the idea to be opened to retroactively audit Goldman and Morgan to illustrate that they were going down prior to the Lehman crucifixion, and how accepting their insolvency along with MER and C, and asking for authority to unwind and manage the sorry companies, and sell them to do the darwinian cleansing that needs to happen for proper growth--the world does understand how they have been forced to be creditor to a bank heist, and that is why our currency is suffering--money printing for honest stress would have been viewed with sympathy, and forgiveness, unlike the way that the world has to swallow what has taken place over the last 10 months.
IT IS JUST VILE TO LISTEN TO HIM KEEP ON WITH THE BROKEN RECORD ROUTINE ABOUT THE WORLD COMING TO AN END IF HE HADN'T SAVED US ALL BY GIVING ( NOW WHO EVEN KNOWS, IS IT THE LOST 9 TRILLION, OR IS IT 20 TRILLION FLOATING AROUND AND LOST AT THE FED?) AMERICA'S FUTURE INTO THE POCKETS OF THE TOOF@#$%^&BIGTOFAIL BANKS WHICH ARE THE FED'S AGENTS.
wow.
'the, the, the, uh MAC clause.'
He's scared shitless. Turn the volume up and you can hear the hesitation in his throat.
This is very satisfying.
FFS , Paulson and Bernanke should stop digging their hole , admit with a resounding YES that they bullied Lewis to push through the deal and NOT invoke a MAC and then sit back and wait for a pardon from Obama. Job done move along nothing to see. It was in America's interest. BAC shareholders just had to take one for the team. Tough.
right ... because this is now the America that is free to do as we are told ... not the America land of the free.
Thats not what i'm saying.
Im not going to 2nd guess Paulson. As loathsome as i find the man and his ilk he made a judgement call that i think was warranted. Life would have got alot tougher had Merrils not been bailed.
That said , this pony show on tv is utter BS - move on. The horse has bolted.
The danger front and centre is Bernanke and Geithner and OBAMA. Congress needs to deal with the present and future raping of American liberties not the past (in this particular incident Paulson was RIGHT...it would help if he just admitted what he did but he wont do that without an executive pardon signed beforehand......the changeover in Administrations has the unintended consequences of making that awkward)
Paulson is lying ,squirming. Everyoneknows it. its semantics. And a waste of time.
Paulson to congress: "If you keep questioning me and/or decided to prosecute me, a serious financial panic might ensure, putting all of us in the Great Depression II."
Any chance that Paulson can be sue as part of a class action suite by BAC shareholders?
Paulson spoke without a stutter after the secret meeting with agents and friends of the fed, at the treasury the weekend after TARP passed, and also, Bernake's nervousness disappeared after that for awhile too....it seemed to me, after such a monumental win, that took away all worries for both of them. How grotesque!
Federal Deposit Insurance Corp. Chairman Sheila Bair told lawmakers that 500 more banks are at risk of failure “unless something dramatic” happens, Senator Jim Bunning said.
http://tinyurl.com/l8phcm
Hum? Sounds like a set up for the continued fleecing of the American public by the banking cartel.
you ve got to see this:
http://www.bloomberg.com/apps/news?pid=20601109&sid=aQBXqFcd5gJo
Verleger Sees $20 Oil This Year on ‘Devastating’ Glut (Update1)
(while GS calling for 80 : )
One Dick's name always come up in most discussions about the screwing of the American public circa 200-2008!
Paulson is a frigging genius: Question: do you use email, have you ever used email, did you use email when you were at the treasury? Answer: I don't and never have used email.
That bastard is saying the taxpayers will make money on this fleecing again. WTF
Hey Tyler, i have missed parts of this testimony--if you have a way of reposting the whole thing after it is done, it would be great for me--that way i don't have to watch c-span later tonight. Thank you!
***BREAKING NEWS***
Kudlow shuts his yap for extended period!
REP. Kucinnich (sp?) and Kudlow were debating when Bof A shareholders should have been told of the Merrill deal and how bad it looked. DK said they should have been notified BEFORE the vote, Kudlow said after was fine. DK said that was absurd. Kudlow goes on to make some conjecture about what happenned, and Kucinnich says LArry you are making that up. You media guys are ridiculous, or something to that effect. Larry, dumbfounded, just sat there, so then they flash Trish Reagan's face for a bit, she asks a lame question, gets a puzzled look on her face, then they cut back to the hearing.
I hope someone captured this exchange. Kudlow shuts up and CNBS is exposed for what it is.
It was priceless.
I have continued watching CNBC even knowing how much of a propaganda machine they are for selling whatever they want to sell, but, after some of the stuff i heard yesterday, I'm not even turning on the channel--my soul is literally sick to know what they do.
I'm surprised, but they posted the video - http://www.cnbc.com/id/15840232?video=1184792199&play=1
I admit, I still watch the Comedy News Business Network - but only to see how absurd they can become.
So far, I'm not disapointed, their bar just keeps getting lower. Pathetic excuse for a business channel.
Great Clip
Kudlow, What a flack for Paulson. LOL
So often, the CNBC crew gets the dumbfounded look on their faces, or, they in a panic, switch away from someone who is saying anything that is exposing anything negative about the Fed and all the Fed's agents--it is really so very grotesque.
Paulson is a lying piece of shit.
He should be taken out to a field and kicked in the ass
fucking crook
Don't worry, the Fed, Treasury, and GS are busy juicing the market during today's hearing. They do this because they think that congress, and people in general, are fucking stupid and will forget all about whatever the fuck they were just having a hearing on, if they walk out of there and see the DOW up 100 or so points. Let's see, what time did the committee come back from lunch, about 1:30, right about the same time the SPY took off from nowhere and didn't look back ("resistance? what the fuck is that?"). What's max pain for the SPY on tommorrow's opex, 91, were're at 94 no fucking problem.
You nailed it! 940 will it go down tommorow?
Don't worry, the Fed, Treasury, and GS are busy juicing the market during today's hearing. They do this because they think that congress, and people in general, are fucking stupid and will forget all about whatever the fuck they were just having a hearing on
----------------------------Right on. I coudn't have said it better myself. http://... good finance articles
Cetin I warned you!!!
Paulson: "Yea, i fucking said it, you want to fight about it? I threatened that bitch Lewis cause he's a southern nobody"
Congress: ".....uhh.....ok........Well, now that we've squared away that issue, let's start talking about something important......all in favor for additional pay raises say 'aye.' "
....where's Dave Chappelle in times like these?