Reply #8: Another Goldman-Sachs Toady

[KharmaTrain]

At least Paulsen didn't just blow the 700 billion with original plan...but we know, in the end, whose at the front of the line in this bail-out and whose gonna come out looking good.

The mess this regime has gotten us into has forced the nationalization...something has to free up the credit markets and stop the slide of people taking capital out of the markets. They mentioned earlier, a year ago, banks handled 60% of the new mortgages out there, now they're only dealing with 10% (and you better believe those were only approved after a substantial downpayment and escrow)...just imagine how this squeeze is affecting businesses that need loans to keep their doors open. Without getting the credit market flowing again, this economy could come to a complete stop right in the middle of a critical fourth quarter...lots of companies are betting on this quarter just to survive.

Yep, this dude is doing Paulsen's dirty work, but face it, can he screw up any more than what's already been screwed? Maybe I'm an optimist.