Category Archives: paulson

Nitwittery Run Rampant

A brilliant compilation of quotes that Austrian Filter put together demonstrating either how clueless Bernanke and Paulson were in the leadup to the financial meltdown, or that they were simply lying. A couple of favorites: October 15th, 2007 – Bernanke: … Continue reading

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Financial Roundup (Attention: Not for the Faint of Heart

Let’s see what happy news we have today. This guy gives 30 reasons why we will be in Great Depression 2 by 2011 (Look at his picture. Why is he smiling?). Foreign autos are piling up at the dock in … Continue reading

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Automaker Bailout and Uncovering TARP

This is an interesting argument about why the government should not bailout the automakers. The most fascinating part, however, was a summation of the $700 billion bailout and what a disaster that has been. I append his bullet point summation: … Continue reading

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King Paulson in Control

Henry Paulson, King of America, is in control and on the beat, folks. He has lent out $2,000,000,000 (2 trillion) to troubled institutions, that would be $2 trillion of the taxpayer’s (yep, you) money, but is refusing to say where … Continue reading

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Opening Pandora’s Box

What happens when you start handing out money, willy-nilly, to anyone who you think needs it?  Everyone starts coming to you hat in hand, holding out their tin cup.  Today GM/Chrysler, tomorrow…who knows.  Thanks so much Hank and Ben.  Oh, … Continue reading

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King Henry Issues Orders

You’ve got to love this. Hank Paulson is forcing banks to take government money whether or not they want it. As the writer notes this was tried once before…by Herbert Hoover (whom economists claim “sat around and did nothing” during … Continue reading

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A Day That Will Live in Infamy

Yesterday, October 3, 2008, a day that will live in infamy, our (idiotic) congressman handed off to the executive branch even more power than they’ve already allowed President Bush to grab in the past eight years. These are simply more … Continue reading

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Henry Paulson: King of America

Apparently Henry Paulson (and whoever his successor is in a new administration) is about to be crowned “King of America” and by Congress at that. He will have essentially unlimited power to do whatever he wants with money supplied by … Continue reading

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An Historical Week (of Government Intervention)

What to say of the events on Wall Street this past week? Probably the best summation for what it will mean in the future is this article from a Weekly Standard (U.K.) editor, which is full of excellent quotes of … Continue reading

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How is the Economy in Reality (as opposed to Government statistics)

This is a pretty sobering article. Some highlights: Secretary Paulson brings back the ghosts of Herbert Hoover: ‘The US banking system is sound…’ In an eerie echo of President Herbert Hoover in 1930, during a Presidential campaign against Roosevelt, following … Continue reading

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