EXPOSED: The Lies Of Hank Paulson (WATCH)
Note: The original headline of this story has been changed.
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Video: Michael Duffy of Time with Henry Paulson -- May, 2010
You really have to see this short clip. The questions were apparently submitted by readers, but that's not the problem. It's the lack of follow-up by Michael Duffy. It is unconscionable. He is a veteran journalist, so he has no excuse. The same thing happens with Geithner interviews.
The lack of accountability for Paulson's lies means these aren't even questions, they're mushballs placed on a tee at about waist high. And the wind is blowing out.
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1 -- Paulson himself was a leading cause of the crisis -- SEC Rule Change on Leverage.
2 -- There was no armageddon, it was entirely fear-based propaganda. Paul Kanjorski was and remains Paulson' accomplice in fear-mongering distorition. Brad Sherman discussed the Martial Law fear tactics on the floor of the House.
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WATCH ALL 4 VIDEOS
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Internal reports within the Federal Reserve itself showed that TARP was not needed. The commercial paper market for non-fiancial companies had NOT seized as claimed by Bernanke and Paulson: http://www.minneapolisfed.org/research/WP/WP666.pdf.
Interesting that the lions share of the TARP funds was later paid out as bonuses to retain the "talent." So much for the cash infusion being needed to recapitalize the Banks. Of course, the Banks lobbied successfully for a mark to fantasy accounting scheme that was effective in further cooking the books. Then the Federal Reserve bought these "under valued" assets at way above the true market price.
It was one giant lie designed to fleece taxpayers and benefit bankers. And despite overwhelming public opposition, it worked. The reason why is even more distasteful to contemplate:
- Congress is populated by members with extremely low financial IQs. Eyes glaze over, knees get weak, and the checkbook opens almost automatically. Talk about ATMs failing and you'll get whatever bailout you need, Sir Paulson.
And career hacks like Michael Duffy play a part in the swindle with interviews that no longer resemble journalism.
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Background reading:
Rep. Kaptur Sticks An IED Inside Paulson And Then Presses 'BOOM'
Paulson led the move to force an SEC rule change on leverage
Sen. Bunning On Bernanke, Geithner, Paulson And The Truth About TARP
Kanjorski Reveals Paulson's Closed-Door TARP Threats (WATCH)
Kanjorski Asks Paulson To Describe His Greatest Fears From The Financial Meltdown
The Hammer's reputation restoration tour (WATCH)
Dylan Ratigan: Leverage, Hank Paulson And The SEC (WATCH)
Paulson: If McCain Hadn't Gotten On Board, TARP Would Never Have Passed
Sen. John McCain: 'I was misled on the TARP bailout'
Tim Pawlenty: Risk From Financial Crisis 'Was Exaggerated For The Benefit Of Goldman Sachs'
Inside The Shiny Head Of A Financial Terrorist
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May 21, 2010 at 2:17 AM
Reader Comments (20)
http://dailybail.com/home/2009/2/23/the-bank-bailout-verdict-we-are-a-nation-led-by-idiots.html
http://dailybail.com/home/did-paulson-bernanke-lie-about-why-lehman-was-allowed-to-fai.html
http://www.youtube.com/watch?v=gOn8RZZ5wuA
This is the same guy who stated in 2007, “where there is a Mexican there is Mexico.”
5:57…He tells the truth and busts Obama in yet another lie. The hypocrisy is deafening.
Obama is a fraud and he should be made to enforce Federal law and not persecute the honest Americans in Arizona who are in the warzone of illegal immigration.
if they do immigration and god forbid cap and trade, they might lose 100 seats in the house and 15 out of 33 seats in the senate...
http://www.reuters.com/article/idUSN1816053720100519
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the same here in the state to your west...
Oh, a couple more things - Paulson rationed silver eagle coins, and halted the production of gold eagle coins when the "price" of gold went too low. Both illegal actions.
And the real kick in the nuts is Paulson was able to avoid $200 million in taxes when he transferred to the US Treasury division of Goldman to rescue his buddies from the problems he himself caused.
I hope there's a tenth circle of Hell just for Paulson
The video of Paulson made me want to puke. That crooked lying son of a bitch should be in prison, instead he's on the air pushing his book. The USA is going down the sewer and assholes like Paulson are making millions because America has it's collective head up it's collective ass. Lock the bastard up and go after the rest of his cohorts, those on Wall Street and the whole bunch in Congress and the Administration who are working for the special interests. Lock em all up and lets start over.
Now hopefully, more people will be willing to share the story...
By Michael Bloomberg, Hank Paulson and Tom Steyer,
http://m.washingtonpost.com/opinions/a-climate-change-risk-assessment/2013/10/03/d4f70e3c-2bb5-11e3-8ade-a1f23cda135e_story.html
Government officials, economists, financiers and everyone else in the business community need to ask: How much economic risk do we face from unmitigated climate change? Answering this question would go a long way toward helping us all prepare for the extreme weather and related economic effects that are most likely coming our way.
That’s why the three of us have joined together to lead a new effort designed to do just that. Our Risky Business initiative (www.riskybusiness.org) will look across the U.S. economy and assess the potential impacts of climate change by region and by sector. Our analysis, when complete, will arm decision-makers with the information they need to determine how much climate risk they are comfortable taking on.
The reality is that we don’t yet know everything there is to know about climate change, and we don’t know its full potential impact. That’s exactly why we need to assess the risks. What will changes in temperature and precipitation mean for farmers and livestock producers? How will higher sea levels affect the value of coastal property? What might stronger and more frequent storms mean for the infrastructure that is the bedrock of our national economy?
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For more interesting stories, use your favorite search engine with the following key words:
'daily bail hank paulson'
Note: Paulson is also on the board of the Nature Conservancy, who has sold parcels of conserved land to various cronies.
http://tncscandals.blogspot.com