what i believe

[barbtries]

Paulson should not be allowed to come within 1000 miles of this bailout. he's goldman sachs - listening to young turks tonight one of the naomi's, klein or wolfe, mentioned how much like cheney/halliburton the relationship is. congress should demand that any bailout program exclude henry paulson. period.

that will be the subject of my calls and letters tomorrow.

[Eric J in MN]

1. The fact that Henry Paulson asked Congress to make him immune...

...from any court oversight is a bad sign.

Even if Congress drops that clause from the bill, it still sugests that Henry Paulson shouldn't be in charge of $700 billion.

[barbtries]

2. it's gonna add up to way more than 700 bn

that's just the amount that can be outstanding at any one time.
he has an obvious conflict of interest. he's republican. he cannot be trusted. period.

[babylonsister]

3. The way this was done is mind-boggling. Why? Was it that horrible?

No, not even, but now everyone thinks so? Time to review.

[barbtries]

4. yes, and a

THOROUGH review. they've cried wolf too many times and this country and this world has paid billions in dollars and hundreds of thousands if not more in lives. no more!

[Old and In the Way]

5. I wonder what the pay-off is for Henry?

I assume the 6 month gig at GS @ $18MM was the down-payment. He ought to charge Big Finance a % of the gross if he can deliver this sale.

[babylonsister]

7. I'm not inclined to look for it at the moment, but

you are so right! His "former" companies are involved, it 'had' to be done ASAP, and if it's not the world will end. :eyes:

[curious one]

6. This is another disaster forced on us.

[babylonsister]

9. Baloney, and what the hell ya talkin' about?

Another disaster? If you're talking about the current admin, I'm in. If not, what are you talking about?

[bushmeister0]

8. Newt Gingrich agrees with you.

NPR's ATC today:

"Well, I think you have a Goldman Sachs chief of staff to the president and the Goldman Sachs secretary of the Treasury. And they convinced the president that the American people ought to send $700 billion to Wall Street, which I think is a very, very bad idea, and I would argue is a very un-Republican idea. I don't understand what they think they're doing."

http://www.npr.org/templates/story/story.php?storyId=94900671

[barbtries]

10. that's interesting

i don't trust newt gingrich either. probably pandering because he knows this deal will not fly. there is no honor among thieves. i'll check the link, thanks

[Eric J in MN]

11. Newt Gingrich wants de-regulation instead.

I want re-regulation instead.