Defaulting banks - where will it stop?

[Jan Klimkowski]

Watch his lips. Wall Street's Boy, Hank Paulson, tells it straight and true.

According to Hank, US taxpayer money is a trough for the banker pigmen to schlurp in.

Like a toddler in a tantrum telling everyone else to go get their own trough....

Henry Paulson, the US Treasury Secretary who has less than three months left in office, said that Congress should devise its own bail-out for America's collapsing car companies and leave his $700 billion rescue package alone.
Mr Paulson reiterated that the Treasury's Troubled Asset Relief Programme was not the suitable vehicle to rescue General Motors, Ford and Chrysler from collapse, adding that his scheme is only designed to throw a lifeline to banks.
Speaking in a television interview yesterday, the former chief executive of Goldman Sachs said: "Congress should address the question of the auto industry. I encourage Congress to come up with a pot, to get money to deal with this issue."

http://business.timesonline.co.uk/tol/bu...151948.ece