2009-08-08 — nytimes.com
" , seven months after Mr. Paulson left office, questions are still being asked about his part in decisions last fall to prop up the teetering financial system with tens of billions of taxpayer dollars, including aid that directly benefited his former firm. Testifying on Capitol Hill last month, he was grilled about his relationship with Goldman."
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tvsterling at 21:08 2009-08-09 said:
I hate to be the one defending Paulson (an arrogant, elitist, supersuit if ever there was one ) but my thoughts go like this (at least as far as Lehman was concerned). At the time the big banks were wanting to see how far they could push this gov'ment handout stuff. It makes perfect sense to choose a littler fish & say,"Oops we kind of dropped that one", as a gentle hint to the others to take what they were getting & shut up. These big boys play ruff & it would take that to get their attention. Same thing as a mule; first you use a length of 2x4 up side the head to get his attention. Once you've done that the rest is all good. The Goldman-Sachs thing does stink & continues to stink. He treated them like they were his precious blue eyed 5 year old daughter & the apple of his eye. Geithner seems to be doing the same. Having both a super sugar daddy & a rich uncle on steroids must be nice. As for AIG; it needs to be broken up like Ma Bell was like YESTERDAY. It is a clear & present danger to the country as it now exists. KILL IT BEFORE IT SPREADS. Permalinkadd a comment | go to forum thread
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