My God….What IS Paulson going to do with the $700B taxpayers gave to the Fed?

[cr]

I thought he already spent about $500 billion in forced Gov’t takeover of several banks…?

here’s a sneak peak at the next Govv’t bailout area:

“Approximately 40 percent of U.S. consumer credit is provided through securitization of credit card receivables, auto loans and student loans and similar products.”

[Arraya]

Cui bono?

Good thing the bill has a provision the Treasury could never be held liable for anything they do? No questions asked, just shut up and take it. Incompetent you say?

This is the final feeding frenzy as they siphon money to offshore accounts in non-extradition countries.

The pillaging continues….

Trillions in treasuries for worthless paper as collateral. Don’t think I would care too much about losing my collateral if I was a bank. This has nothing to do with protecting asset prices or the industry. It has to do with obstructing justice and concealing evidence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

It’s been a non-stop cash orgy if you were a “made” guy.

http://www.rollingstone.com/politics/story/24012700/the_new_trough/print

Bankers watching bankers, regulators who don’t believe in regulating — all
standard fare for the Bush crew. What’s most striking about Jeffery’s
résumé, however, is an item omitted when his new job was announced:
He served as executive director of Paul Bremer’s infamous Coalition
Provisional Authority in Baghdad, during the early days of the Iraq War. Part
of his job was to hire civilian staff, which made him an integral part of the
partisan machine that filled Baghdad’s Green Zone with Young Republicans,
investment bankers and Dick Cheney interns. Qualifications weren’t a big
issue back then, because the staff’s main function was to hand over stacks
of taxpayer money to private contractors, who were the ones actually
running the occupation. It was this nonstop cash conveyor belt that earned
the Green Zone a reputation, in the words of one CPA official, as “a free
-fraud zone.” During Senate hearings last year, when Jeffery was asked
what he had learned from his experience at the CPA, he said contracts
should be handed out with more “speed and flexibility” — the same
philosophy he cited back while in charge of regulating Wall Street traders.

Where did that 62 billion go?

http://www.truthout.org/110208D

Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson’s transaction, the taxpayers were taken for a ride – a very expensive ride. They paid $125 billion for bank stock that a private investor could purchase for $62.5 billion. That means half of the public’s money was a straight-out gift to Wall Street, for which taxpayers got nothing in return.

Trickle down baby!

[Arraya]

Cui bono?

Good thing the bill has a provision the Treasury could never be held liable for anything they do? No questions asked, just shut up and take it. Incompetent you say?

This is the final feeding frenzy as they siphon money to offshore accounts in non-extradition countries.

The pillaging continues….

Trillions in treasuries for worthless paper as collateral. Don’t think I would care too much about losing my collateral if I was a bank. This has nothing to do with protecting asset prices or the industry. It has to do with obstructing justice and concealing evidence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

It’s been a non-stop cash orgy if you were a “made” guy.

http://www.rollingstone.com/politics/story/24012700/the_new_trough/print

Bankers watching bankers, regulators who don’t believe in regulating — all
standard fare for the Bush crew. What’s most striking about Jeffery’s
résumé, however, is an item omitted when his new job was announced:
He served as executive director of Paul Bremer’s infamous Coalition
Provisional Authority in Baghdad, during the early days of the Iraq War. Part
of his job was to hire civilian staff, which made him an integral part of the
partisan machine that filled Baghdad’s Green Zone with Young Republicans,
investment bankers and Dick Cheney interns. Qualifications weren’t a big
issue back then, because the staff’s main function was to hand over stacks
of taxpayer money to private contractors, who were the ones actually
running the occupation. It was this nonstop cash conveyor belt that earned
the Green Zone a reputation, in the words of one CPA official, as “a free
-fraud zone.” During Senate hearings last year, when Jeffery was asked
what he had learned from his experience at the CPA, he said contracts
should be handed out with more “speed and flexibility” — the same
philosophy he cited back while in charge of regulating Wall Street traders.

Where did that 62 billion go?

http://www.truthout.org/110208D

Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson’s transaction, the taxpayers were taken for a ride – a very expensive ride. They paid $125 billion for bank stock that a private investor could purchase for $62.5 billion. That means half of the public’s money was a straight-out gift to Wall Street, for which taxpayers got nothing in return.

Trickle down baby!

[Arraya]

Cui bono?

Good thing the bill has a provision the Treasury could never be held liable for anything they do? No questions asked, just shut up and take it. Incompetent you say?

This is the final feeding frenzy as they siphon money to offshore accounts in non-extradition countries.

The pillaging continues….

Trillions in treasuries for worthless paper as collateral. Don’t think I would care too much about losing my collateral if I was a bank. This has nothing to do with protecting asset prices or the industry. It has to do with obstructing justice and concealing evidence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

It’s been a non-stop cash orgy if you were a “made” guy.

http://www.rollingstone.com/politics/story/24012700/the_new_trough/print

Bankers watching bankers, regulators who don’t believe in regulating — all
standard fare for the Bush crew. What’s most striking about Jeffery’s
résumé, however, is an item omitted when his new job was announced:
He served as executive director of Paul Bremer’s infamous Coalition
Provisional Authority in Baghdad, during the early days of the Iraq War. Part
of his job was to hire civilian staff, which made him an integral part of the
partisan machine that filled Baghdad’s Green Zone with Young Republicans,
investment bankers and Dick Cheney interns. Qualifications weren’t a big
issue back then, because the staff’s main function was to hand over stacks
of taxpayer money to private contractors, who were the ones actually
running the occupation. It was this nonstop cash conveyor belt that earned
the Green Zone a reputation, in the words of one CPA official, as “a free
-fraud zone.” During Senate hearings last year, when Jeffery was asked
what he had learned from his experience at the CPA, he said contracts
should be handed out with more “speed and flexibility” — the same
philosophy he cited back while in charge of regulating Wall Street traders.

Where did that 62 billion go?

http://www.truthout.org/110208D

Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson’s transaction, the taxpayers were taken for a ride – a very expensive ride. They paid $125 billion for bank stock that a private investor could purchase for $62.5 billion. That means half of the public’s money was a straight-out gift to Wall Street, for which taxpayers got nothing in return.

Trickle down baby!

[Arraya]

Cui bono?

Good thing the bill has a provision the Treasury could never be held liable for anything they do? No questions asked, just shut up and take it. Incompetent you say?

This is the final feeding frenzy as they siphon money to offshore accounts in non-extradition countries.

The pillaging continues….

Trillions in treasuries for worthless paper as collateral. Don’t think I would care too much about losing my collateral if I was a bank. This has nothing to do with protecting asset prices or the industry. It has to do with obstructing justice and concealing evidence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

It’s been a non-stop cash orgy if you were a “made” guy.

http://www.rollingstone.com/politics/story/24012700/the_new_trough/print

Bankers watching bankers, regulators who don’t believe in regulating — all
standard fare for the Bush crew. What’s most striking about Jeffery’s
résumé, however, is an item omitted when his new job was announced:
He served as executive director of Paul Bremer’s infamous Coalition
Provisional Authority in Baghdad, during the early days of the Iraq War. Part
of his job was to hire civilian staff, which made him an integral part of the
partisan machine that filled Baghdad’s Green Zone with Young Republicans,
investment bankers and Dick Cheney interns. Qualifications weren’t a big
issue back then, because the staff’s main function was to hand over stacks
of taxpayer money to private contractors, who were the ones actually
running the occupation. It was this nonstop cash conveyor belt that earned
the Green Zone a reputation, in the words of one CPA official, as “a free
-fraud zone.” During Senate hearings last year, when Jeffery was asked
what he had learned from his experience at the CPA, he said contracts
should be handed out with more “speed and flexibility” — the same
philosophy he cited back while in charge of regulating Wall Street traders.

Where did that 62 billion go?

http://www.truthout.org/110208D

Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson’s transaction, the taxpayers were taken for a ride – a very expensive ride. They paid $125 billion for bank stock that a private investor could purchase for $62.5 billion. That means half of the public’s money was a straight-out gift to Wall Street, for which taxpayers got nothing in return.

Trickle down baby!

[Arraya]

Cui bono?

Good thing the bill has a provision the Treasury could never be held liable for anything they do? No questions asked, just shut up and take it. Incompetent you say?

This is the final feeding frenzy as they siphon money to offshore accounts in non-extradition countries.

The pillaging continues….

Trillions in treasuries for worthless paper as collateral. Don’t think I would care too much about losing my collateral if I was a bank. This has nothing to do with protecting asset prices or the industry. It has to do with obstructing justice and concealing evidence.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

It’s been a non-stop cash orgy if you were a “made” guy.

http://www.rollingstone.com/politics/story/24012700/the_new_trough/print

Bankers watching bankers, regulators who don’t believe in regulating — all
standard fare for the Bush crew. What’s most striking about Jeffery’s
résumé, however, is an item omitted when his new job was announced:
He served as executive director of Paul Bremer’s infamous Coalition
Provisional Authority in Baghdad, during the early days of the Iraq War. Part
of his job was to hire civilian staff, which made him an integral part of the
partisan machine that filled Baghdad’s Green Zone with Young Republicans,
investment bankers and Dick Cheney interns. Qualifications weren’t a big
issue back then, because the staff’s main function was to hand over stacks
of taxpayer money to private contractors, who were the ones actually
running the occupation. It was this nonstop cash conveyor belt that earned
the Green Zone a reputation, in the words of one CPA official, as “a free
-fraud zone.” During Senate hearings last year, when Jeffery was asked
what he had learned from his experience at the CPA, he said contracts
should be handed out with more “speed and flexibility” — the same
philosophy he cited back while in charge of regulating Wall Street traders.

Where did that 62 billion go?

http://www.truthout.org/110208D

Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson’s transaction, the taxpayers were taken for a ride – a very expensive ride. They paid $125 billion for bank stock that a private investor could purchase for $62.5 billion. That means half of the public’s money was a straight-out gift to Wall Street, for which taxpayers got nothing in return.

Trickle down baby!

[lonestar2000]

No oversight was a provision that our was agreed to, exactly what did they expect would happen with such provisions? Paulson could spend the money on a trip to the moon and nobody could say a single word about it. After all, he’d help the economy by employing thousands of defense industry and oil company workers!

The money that WAS actually given to the banks had no strings attached, no clause requiring them to do anything at all with the money, what did anyone think would happen?

And, even if the banks did actually lend money, who exactly is in the position to get MORE into debt? That is what got us into this stinking mess in the first place! More debt will not solve a problem where’s too much debt. You can’t save a drowning man by pushin him further under water.

[lonestar2000]

No oversight was a provision that our was agreed to, exactly what did they expect would happen with such provisions? Paulson could spend the money on a trip to the moon and nobody could say a single word about it. After all, he’d help the economy by employing thousands of defense industry and oil company workers!

The money that WAS actually given to the banks had no strings attached, no clause requiring them to do anything at all with the money, what did anyone think would happen?

And, even if the banks did actually lend money, who exactly is in the position to get MORE into debt? That is what got us into this stinking mess in the first place! More debt will not solve a problem where’s too much debt. You can’t save a drowning man by pushin him further under water.

[lonestar2000]

No oversight was a provision that our was agreed to, exactly what did they expect would happen with such provisions? Paulson could spend the money on a trip to the moon and nobody could say a single word about it. After all, he’d help the economy by employing thousands of defense industry and oil company workers!

The money that WAS actually given to the banks had no strings attached, no clause requiring them to do anything at all with the money, what did anyone think would happen?

And, even if the banks did actually lend money, who exactly is in the position to get MORE into debt? That is what got us into this stinking mess in the first place! More debt will not solve a problem where’s too much debt. You can’t save a drowning man by pushin him further under water.

[lonestar2000]

No oversight was a provision that our was agreed to, exactly what did they expect would happen with such provisions? Paulson could spend the money on a trip to the moon and nobody could say a single word about it. After all, he’d help the economy by employing thousands of defense industry and oil company workers!

The money that WAS actually given to the banks had no strings attached, no clause requiring them to do anything at all with the money, what did anyone think would happen?

And, even if the banks did actually lend money, who exactly is in the position to get MORE into debt? That is what got us into this stinking mess in the first place! More debt will not solve a problem where’s too much debt. You can’t save a drowning man by pushin him further under water.

[lonestar2000]

No oversight was a provision that our was agreed to, exactly what did they expect would happen with such provisions? Paulson could spend the money on a trip to the moon and nobody could say a single word about it. After all, he’d help the economy by employing thousands of defense industry and oil company workers!

The money that WAS actually given to the banks had no strings attached, no clause requiring them to do anything at all with the money, what did anyone think would happen?

And, even if the banks did actually lend money, who exactly is in the position to get MORE into debt? That is what got us into this stinking mess in the first place! More debt will not solve a problem where’s too much debt. You can’t save a drowning man by pushin him further under water.

[Author]

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