Tag: "Hank Paulson"
Meet the New Plan, Same As the Old Plan
Financial genius, noted tax cheat, and Treasury Secretary Tim Geithner has unveiled his new plan for solving the credit crisis and pulling the country up from its recession. He wants to buy up the toxic assets that are clogging up financial institutions. That’s not a terrible plan at its core. One of the biggest problems [...]
What the Heck, It’s Only A Few Billion Dollars, Right?
What are three things guaranteed to happen in any Federal government program? Waste, lack of accountability, and did I mention waste? One of the reasons I strongly opposed the TARP bailout program is because the general panic from the Secretary of the Treasury and Congressional Democrats reminded me of someone who sees a fire and [...]
Paulson’s Prevarications
To say that Michelle Malkin is not pleased with Hank Paulson would be a Godzilla-sized understatement. But she has good reason. Paulson’s been a panicky mess for a month and, despite his evangelism about the end of our economy, we’re still swapping money for goods just like we always have. Treasury Secretary Hank Paulson finally [...]
What Hank Paulson’s Admiration? What is That Which Brings Him Joy?
I wonder who Hank Paulson had in mind to bludgeon with his baseball bat at this meeting?* WASHINGTON — The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document [...]
What Does Our Government Want to Buy Next, Gambling Debts? (UPDATE: A Glimpse of Our New SecTreas?)
I hope this story that just popped up in my RSS reader is a hallucination brought on by the cold medicine I just took. If it’s real, then I’m afraid that the Secretary of the Treasury has lost his ever-loving mind. In the dark of night over the weekend when most people were snoozing, the [...]
That’s What You Said