Comments on: Paulson May Ask for the Remaining $350 Billion TARP Allotment http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html Sat, 21 Nov 2009 22:38:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28192 Anonymous Fri, 05 Dec 2008 03:16:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28192 I know many people that are not as smart, mathematically, as me and definately not as educated. <br/><br/>Yet, when I have the chance to see them on the street, my spirit soars because I love them. I love them because they advise me on all manner of life issues that I overlook. They are not fools because they cannot comprehend or endeavor to be a wealthy one like me. They are simply wonderful because they are wiser in matters of life and look to guys like me to be the siren and the organizers. That is my contribution. <br/><br/>Coverage for the grifters seems to be coming from the "Rovian" idea that somehow the American people are psychologically deficient for joining the con gaim and embracing ninja loans.<br/><br/>Once upon a time, the gov was an advocate for the every day people in America. I know many people that are not as smart, mathematically, as me and definately not as educated.

Yet, when I have the chance to see them on the street, my spirit soars because I love them. I love them because they advise me on all manner of life issues that I overlook. They are not fools because they cannot comprehend or endeavor to be a wealthy one like me. They are simply wonderful because they are wiser in matters of life and look to guys like me to be the siren and the organizers. That is my contribution.

Coverage for the grifters seems to be coming from the “Rovian” idea that somehow the American people are psychologically deficient for joining the con gaim and embracing ninja loans.

Once upon a time, the gov was an advocate for the every day people in America.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28190 Anonymous Fri, 05 Dec 2008 02:34:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28190 Well, Hank Paulson got the Social Security funds after all. This is a breed of Cat that we all have feared since we were boys. Big brain, big mouth, rich family.<br/><br/>Well, some of us have grown a pair in the interim. <br/><br/>I do not believe this man or the organizations he represents, have the interests of American people at heart. He is not interested in my father's welfare. My Teamster Father (Chief Negotiator) was shot in the face in WWII defending and building our great society. Hank Paulson ( the chicken hawk Bush administration) or the academic recipients of my Father's life efforts to create a living wage society do not understand the source of my country's wealth. <br/><br/>I laugh at the little men we are about to send into history. These pigmies cannot defeat this great nation. Well, Hank Paulson got the Social Security funds after all. This is a breed of Cat that we all have feared since we were boys. Big brain, big mouth, rich family.

Well, some of us have grown a pair in the interim.

I do not believe this man or the organizations he represents, have the interests of American people at heart. He is not interested in my father’s welfare. My Teamster Father (Chief Negotiator) was shot in the face in WWII defending and building our great society. Hank Paulson ( the chicken hawk Bush administration) or the academic recipients of my Father’s life efforts to create a living wage society do not understand the source of my country’s wealth.

I laugh at the little men we are about to send into history. These pigmies cannot defeat this great nation.

]]> By: Acrimonious http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28189 Acrimonious Fri, 05 Dec 2008 02:30:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28189 "In the hole" homeowners are just another example of our collective rampant consumption coming to a screeching halt. The best phrase lately is "excess production". Fortunately the credit crunch has forced a unilateral belt tightening. Paulson needs to return the balance of the tax dollars. How many differnt brands of toothpaste will fit in your medicine cabinet anyway? Let all those unemployed service sector people grab a shovel to help with the infrastructure and do something productive with their lives.<br/>Bruce of Atlas Resources<br/>(ne:Atlas Shrugged) “In the hole” homeowners are just another example of our collective rampant consumption coming to a screeching halt. The best phrase lately is “excess production”. Fortunately the credit crunch has forced a unilateral belt tightening. Paulson needs to return the balance of the tax dollars. How many differnt brands of toothpaste will fit in your medicine cabinet anyway? Let all those unemployed service sector people grab a shovel to help with the infrastructure and do something productive with their lives.
Bruce of Atlas Resources
(ne:Atlas Shrugged)

]]> By: homebody at heart http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28124 homebody at heart Thu, 04 Dec 2008 00:37:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28124 Why don't they just use Fanny and Freddie to help homeonwers in trouble by lowering their interest rates? Lower payments, less defaults. Of course, that doesn't help those who don't have a job. Nor, does it give the banks more money. Why don’t they just use Fanny and Freddie to help homeonwers in trouble by lowering their interest rates? Lower payments, less defaults. Of course, that doesn’t help those who don’t have a job. Nor, does it give the banks more money.

]]> By: Dan W http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28084 Dan W Wed, 03 Dec 2008 17:24:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28084 I believe that the government PREFERS Depression over transparency. I believe that the government and its agents and cohorts and lobbying arms would rather watch the world suffer through a decade-long depression than have the truth be known about what REALLY exists in those vaults and on those hard drives. The major players in this game (Paulson, Bernanke, Bush, Fuld, Pandit, Roth, Auld, et al) feel they have MORE to lose if the truth comes out about their illegal, fraudulent dealings than they do if the world loses one tenth of its population (some 750 million lives) as the direct result of a deep and lasting economic Depression.in this case, economic Depression is seen by the powers-that-be as the lesser of 2 evils. In their warped minds, t'would be worse to be outed as liars and thieves and cheats and criminals---and suffer at worst a few years in a minimum security country club of a prison---then to watch the world descend into chaos. I believe that the government PREFERS Depression over transparency. I believe that the government and its agents and cohorts and lobbying arms would rather watch the world suffer through a decade-long depression than have the truth be known about what REALLY exists in those vaults and on those hard drives. The major players in this game (Paulson, Bernanke, Bush, Fuld, Pandit, Roth, Auld, et al) feel they have MORE to lose if the truth comes out about their illegal, fraudulent dealings than they do if the world loses one tenth of its population (some 750 million lives) as the direct result of a deep and lasting economic Depression.in this case, economic Depression is seen by the powers-that-be as the lesser of 2 evils. In their warped minds, t’would be worse to be outed as liars and thieves and cheats and criminals—and suffer at worst a few years in a minimum security country club of a prison—then to watch the world descend into chaos.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28059 Anonymous Wed, 03 Dec 2008 13:49:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28059 Paulson is running America. Into the ground. But hey, he's still running it. Paulson is running America. Into the ground. But hey, he’s still running it.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28058 Anonymous Wed, 03 Dec 2008 13:43:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28058 Potential link anyone...<br/><br/>Paulson requesting extra cash<br/><br/>GS and MS Q4 results expected to be bad - very bad!<br/><br/>Think Paulson has realised the situation is dire Potential link anyone…

Paulson requesting extra cash

GS and MS Q4 results expected to be bad – very bad!

Think Paulson has realised the situation is dire

]]> By: Dave http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28040 Dave Wed, 03 Dec 2008 09:13:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28040 Main St, not Wall St, is where future stimulus spending must be directed. We have got to move beyond "no banker left behind" and begin to provide vehicles of liquidity directly to the real economy. Banks hoarding cash to cover looming CDO / CDS shortfalls will NOT stimulate broader economic recovery.<br/><br/>A deep recession or borderline depression is looking increasingly inevitable. What to do under these circumstances? The debate (and action) must move beyond the rhetoric of saving the financial economy. It seems to me that from where we currently stand, the best option (from a number of very bad alternatives) is to explicitly assist one or two major banks only, let the weaker Wall St banks "do a Lehman" (accepting the counterparty cross-default that this might bring), and to conserve all the remaining gas in the tank on helping the real economy (and real people) through the looming period of economic depression.<br/><br/>Finally, focus any remaining funds on building infrastructure and re-tooling the economy to fight the battle of tomorrow, not the battle of the current era (1980-2008) that is already lost. Main St, not Wall St, is where future stimulus spending must be directed. We have got to move beyond “no banker left behind” and begin to provide vehicles of liquidity directly to the real economy. Banks hoarding cash to cover looming CDO / CDS shortfalls will NOT stimulate broader economic recovery.

A deep recession or borderline depression is looking increasingly inevitable. What to do under these circumstances? The debate (and action) must move beyond the rhetoric of saving the financial economy. It seems to me that from where we currently stand, the best option (from a number of very bad alternatives) is to explicitly assist one or two major banks only, let the weaker Wall St banks “do a Lehman” (accepting the counterparty cross-default that this might bring), and to conserve all the remaining gas in the tank on helping the real economy (and real people) through the looming period of economic depression.

Finally, focus any remaining funds on building infrastructure and re-tooling the economy to fight the battle of tomorrow, not the battle of the current era (1980-2008) that is already lost.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28039 Anonymous Wed, 03 Dec 2008 09:11:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28039 Paulson has one main job for the republicans before he hits the road and that is too make damn sure every penny of that gets spent before W leaves office. Paulson has one main job for the republicans before he hits the road and that is too make damn sure every penny of that gets spent before W leaves office.

]]> By: Dick Durata http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-remaining-350.html#comment-28022 Dick Durata Wed, 03 Dec 2008 07:29:00 +0000 http://www.nakedcapitalism.com/2008/12/paulson-may-ask-for-the-remaining-350-billion-tarp-allotment/#comment-28022 History tells us that we just need some bad days on the stock market, another big bank going down the tubes, and Paulson and the press screaming, "Help!", to get Congress to give them the $350bn, and more. History tells us that we just need some bad days on the stock market, another big bank going down the tubes, and Paulson and the press screaming, “Help!”, to get Congress to give them the $350bn, and more.

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