11-11-2008, 10:26 PM
In the above article, Paulson is quoted as saying:
In the original bailout bill, former Goldman Sachs CEO Paulson wanted to use $700 billion of US taxpayers' money to "purchase" toxic debt, mostly worth a couple of cents to the dollar, from Wall Street banks. Because this was theft - pure and simple looting exchanging Wall Street trash for taxpayer cash - the following clause was included:
In other words, Paulson wanted to grant himself immunity from prosecution in all jurisdictions, forever.
I called this proposal for the disgrace it was at the time, and amazingly it was rejected in a final vote after its shameful & scandalous existence was brought to wider public attention.
None of that changes the fact that Hank Paulson is a lying, thieving, piece of scum who cares not one jot about ordinary people.
Quote:`We Need Transparency'
``We need oversight,'' Paulson told lawmakers. ``We need protection. We need transparency. I want it. We all want it.''
In the original bailout bill, former Goldman Sachs CEO Paulson wanted to use $700 billion of US taxpayers' money to "purchase" toxic debt, mostly worth a couple of cents to the dollar, from Wall Street banks. Because this was theft - pure and simple looting exchanging Wall Street trash for taxpayer cash - the following clause was included:
Quote:Section 8 of the Paulson proposal states: "Decisions by the Secretary (Paulson) 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."
In other words, Paulson wanted to grant himself immunity from prosecution in all jurisdictions, forever.
I called this proposal for the disgrace it was at the time, and amazingly it was rejected in a final vote after its shameful & scandalous existence was brought to wider public attention.
None of that changes the fact that Hank Paulson is a lying, thieving, piece of scum who cares not one jot about ordinary people.
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war