Secretary Paulson’s Plan: Socialism for the Wealthy

A couple of months ago Secretary of the Treasury Paulson told us the sky was falling and convinced Congress to approve the $700 billion TARP (Troubled Assets Relief Program).  The TARP would buy up all the toxic mortgages that the banks had created out of their failed attempt to satisfy their insatiable greed.  You will [...]

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Two New Alternatives to the U.S. Government Bailout Plan

The opinion polls indicate that over 90% of the American people are opposed to a bailout of the investment banks, banks that hold perhaps a trillion dollars worth of “worthless” mortgages. These mortgages were either given to people who were not employed and had no resources to repay the mortgage, or they were mortgages that [...]

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Paulson Bailout Bill Dooms U.S.

We’re doomed.  The inmates have taken over the asylum.  Secretary of the Treasury, Henry Paulson, former Chairman and CEO of Goldman Sachs, a man whose career at Goldman Sachs spanned twenty-two years before he was appointed Secretary of the Treasury only two years ago, is now demanding that Congress immediately sign up for a $700,000,000,000 [...]

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U.S. Government Rescues Wall Street, Taxpayers Poisoned

Messrs. Paulson and Bernanke peered into their crystal ball late in the dimming day and, instead of seeing the tidy balance sheet of the U.S. Financial Market they had hoped for, they instead saw a frightening vision of certain doom.  Huge quantities of Old Wall Street Wealth were going up in flames. Distinguished banks, with [...]

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A Couple of Questions About My New Ownership of Fannie, Freddie, and AIG

Dear Messrs. Paulson and Bernanke,
First of all, please allow me to express my admiration for the skillful way in which you have kept your hand(s) on the financial tiller, so to speak, of our U.S. Ship of State as we negotiate these treacherous waters and rapids of economic uncertainty. I would like to thank you [...]

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