18 months ago: WASHINGTON - MARCH 13: (L-r) Treasury Secretary Henry Paulson; Warren Buffett, chairman and CEO, Berkshire Hathaway Inc.; and Jeffrey R. Immelt, Chairman and CEO, General Electric Company; participate in a panel discussion, "Framing the Issues: Markets Perspectives," at Georgetown University March 13, 2007 in Washington, DC. Secretary Paulson hosted the "Treasury Conference on U.S. Capital Markets Competativeness," a day-long program to focus on capital market issues like regulation, competition and other related topics. (Photo by Chip Somodevilla/Getty Images)
It seems a bit UN-AMERICAN to me to risk the USA solvency on all the 'gambles' in the world. I don't apprecaite the focus by Paulson that the USA Treasury is his oyster. I believe there are many in the USA that simply don't see why he has to lie either. I mean we all know how the markets have been hideously roller-coastering. Where does he think this is all headed? I vote NO on any bailout. I believe Buffet and people like him should be sought in difficult times. This is hideous. Come January Paulson won't even be in his office and why should the USA hand the new Secretary of the Treasury 'HIS MESS' to clean up?
Paulson offers no solid solutions to any bailout of the financial markets. He offers speculative guesswork and not much more. Where are the balance sheets Hank? Simply because your friends need an endless supply of liquidity doesn't mean Americans answer the call. Wars for oil and now this. Amazing.
...Although the U.S. government is now proposing a bailout of the bad debt that is rattling investor confidence and seizing up credit markets, financial stocks were nonetheless trading 2.0% lower across Europe Tuesday morning. There is clearly some skepticism that even a $700 billion debt-purchasing facility will not be enough to purge the financial sector of losses....
When a USA Secretary of the Treasury gives the Congress 'the bumbs rush' to judgement, one has to know there is 'something afoot.' Where are the balance sheets, Hank? There are none, are there? Paulson needs a dozen Super-computers to figure this one out. That's the problem Hank, when you should have been using your slide rule, you simply figured on you office computer providing all the answers! The Financial Sector has developed a very bad habit, they keep coming back for more liquidity everytime the markets find more and more of the slippery slope that Paulson never talks about? If Buffet hadn't been coming forward to invest, he'd be collecting our tax dollars, or better said our "Middle America Debt."
Vote NO on the Paulson Bailout ! The American Middle Class can rebuild their own country, we are already well on our way. Get these Carpetbaggers out of the White House ! They haven't got a 'clue' as to where this is all going or what they are doing. Paulson is grasping at straws. There is plenty of liquidity in the market, ask Donald Trump. Oh, wait, I am sure he is far to busy building another floating gambling casino or some darn thing. Here is a sure bet, Trump won't be building his next casino in Darfur !
