Editorial in the New York Times Business section:
http://www.nytimes.com/2008/09/28/bu...em&oref=slogin
Spoiler for lead paragraph...:
IMAGINE, if you will, that a man who had much to do with creating the present
credit crisis now says he is the man to fix this giant problem, and that his work is so important that he will need a trillion dollars or so of your money. Then add that this man thinks he is so indispensable that he wants Congress to forbid any judicial or administrative questioning of anything he does with your dollars.
You might think of a latter-day Lenin or
Fidel Castro, but you would be far afield. Instead, you should be thinking of Treasury Secretary
Henry M. Paulson Jr. and the rapidly disintegrating United States of America, right here and now.
my input: and Paulsen was neck deep in the very schemes, packages, and deregulation that got us here...
Every asset my wife and I own, mostly very conservative investments and real estate, is down at least 25% from 3 months ago ... approaching 40% if you go back a year.
All due to the misrepresentations, mishandling, and scheming of the people neck deep subprime packaginag, derivatives, and credit-swap bets. Oh, some of it is due to mishandling the energy policies but meh... and we're in *GOOD* shape because we have little debt.
Now multiply me and my attitude by millions of other middle-class voters .....
quite literally, there should be a number of CEOs and administration officials being hoisted by their
petards, not being handed money to "solve the problem".