Poor, Misunderstood, Bewildered Hank
May 26th, 2009Newsweek is complicit in the crimes of Henry Paulson and the gang. Oh yes, poor, misunderstood, bewildered Hank.
Sure, the former CEO of Goldman Sachs didn’t know what was happening with the securitization of that toxic waste. Oh sure. Tell me another one. I’ll believe anything this morning!
Goldman Sachs made markets in the stuff, but *meh* Hank obviously lost touch with what those young whippersnappers were up to back at the office.
And what’s this about avoiding financial disaster??? Where the f*&% have the trillions of dollars gone, Newsweek?
All these psychopaths are thick as thieves, and they’re laughing at us because they got away with it. Again.
Via: Newsweek:
In retrospect, it appears that Paulson was not the callous titan of Wall Street, but rather an earnest, sometimes bewildered man caught in a whirlwind he could not tame or even fully understand. He did the best he could, reaching, sometimes lurching for answers, but in the end he was rescued by the sort of nerdy professor type who might have been devoured on the trading floors of Wall Street. To the extent that there was a hero during those weeks, it was arguably Ben Bernanke, the quiet, shy chairman of the Federal Reserve, whose problem-solving and salesmanship before a skeptical Congress were critical to avoiding financial disaster.
…
Paulson does not seem to have grasped the urgency of the looming disaster. Although top financial experts were warning about the housing bubble back in 2006, Paulson—by his own admission—was not paying much attention to the way banks were slicing and dicing mortgages and selling them as complex securities. “I didn’t understand the retail market; I just wasn’t close to it,” he told NEWSWEEK.
