Can You Define What A ‘Financial Institution’ Is Defined As In the Bailout Legislation (TARP)? Don’t Worry, Hank Paulson Can’t Either
I know it’s starting to look like we’re piling on Treasury Secretary Hank Paulson, and we are–for good reason.
Read this story and try to justify why this empty suit is still in office.
What is the definition of a financial institution under the Troubled Assets Relief Program (TARP), Treasury Secretary Henry Paulson was asked on Tuesday. [...]
Hank Paulson Expands Scope Of Financial Industry Bailout
Shocking, I know. I mean, who couldn’t see this coming?
Treasury Secretary Henry Paulson said Wednesday that the government would broaden the reach of its $700 billion bailout plan to support non-bank financial institutions that provide consumer credit, such as credit cards and auto loans.
In this second stage of the bailout, officials also hope to attract [...]
White House: Bailout Isn’t Socialism Because We Say It Isn’t
Look at what Bush’s White House has become, and just remember, it’s only going to get worse with The Messiah in there in a couple of months:
The federal government’s $700 billion bailout of Wall Street, which includes purchasing shares in the nation’s banks, does not undermine free market capitalism, the White House said on Friday. [...]
What Was That About Taxpayers Receiving Any Profit From The Bailout?
So you think you as a taxpayer (and now shareholder of several banks) will be receiving some of the profit the government gets when the housing market rebounds and home values appreciate? Think again.
Barney Frank is telling you what I have been saying since the conception of the bailout: You’re not getting a refund, dividend, [...]
U.S. Government Can Keep Ownership of Banks as Long as It Wants
As we have been saying folks this bailout and the subsequent ownership power it has given to the United States government is a potential springboard to a form of socialism.
One of my primary questions as finally been answered: When does the government have to relinquish ownership in the banks and other institutions it now [...]
Bush: “Government’s role will be limited and temporary”
That statement from President Bush includes my two primary issues with this bailout–scope and time frame.
Let’s take the first part of his statement regarding the scope of government interference ownership. He makes that claim that the government’s role will be limited, but limited relative to what–complete ownership of every company in the banking industry, or [...]
Bailout Plan Secretly In The Works For “Many Months?”
Well it would appear that way at least according to this profile of the guy tapped to distribute the $700 billion:
Kashkari, it turns out, was one of the original authors of the bailout plan. In a secretive effort over “many, many months,” he was a part of a small team at Treasury working on the [...]
13 Republican Senators Vote Against Fannie Mae/Freddie Mac Socialist Bailout
These 13 Senators should be applauded for voting against the socialist bailout of Fannie and Freddie:
Barrasso (R-WY)
Coburn (R-OK)
Corker (R-TN)
Cornyn (R-TX)
DeMint (R-SC)
Ensign (R-NV)
Enzi (R-WY)
Grassley (R-IA)
Hatch (R-UT)
Hutchinson (R-TX)
Kyl (R-AZ)
Thune (R-SD)
Vitter (R-LA)
There were some notable Senators who did vote including Jim Bunning (R-KY), “The Messiah” a.k.a Barack Hussein Obama (D-IL)( he was too busy proclaiming his World citizenship), [...]
Senator Jim Bunning Questions Globalist Stooge Paulson on Socialist Bailout
As I have said before there are a handful of strong conservatives in the Senate. Jim Bunning happens to be one.
Here’s a clip of him rightfully calling out so-called Treasury Secretary Hank Paulson:
Look at Paulson. He looked dumbfounded. He and Bernanke don’t even know what’s in the bill, but rest assured: he believes what he’s [...]
