Paperwork may be in disarray. BUT, the injustice of what occurred under Paulson's watch in 2008 is sincerely a crime.
Absolutely a crime. From every reasonable aspect a crime.
Now, the banks are using as an excuse 'paperwork.' They are going to point to a faulty program that put them at risk again and they are going to ask for another bailout.
I don't think so.
IF, the investment banks 'did the right thing' in the first place and they weren't given a wade of cash to play in the global market, we won't STILL be seeing a 'compounding' of the housing bubble.
That is what this is. The banks went off to play, their CEOs got their bonuses (After the USA was paid back - they absolutely had to do that. After all they weren't at fault, it was the stupid and lazy Americans that were at fault.), the USA economy began to shrink as an economic collapse occurred from an UNRESCUED housing market and now the 'compounding' dynamics of 2008 are still knocking at the door.
Why?
Because the Bush White House allowed the Secretary of the Treasury to SCAM the American people while intimidating the USA Congress at election time.
Why is the USA still in fiscal trouble?
Because the bailout wasn't about stabilizing the country and protecting national security. It was about CASH, plenty of it. It was never about the people of the USA. It was never about the Middle Class. It was about wealth. It was about playing 'the ultimate game' before the regulations returned.
