Well, it appears Johnny McTeleprompter is only allowed to call into the White House today and cannot show up:

http://www.politico.com/blogs/…..ml?showall

So, with this in mind, Paulson should indeed be fired and then jailed. Sounds good to me.

Why go to all the work of making him resign when he’s going to be outta there come Jan. 20?

Thanks Teddy.

I am afraid that I have more questions than answers.

Hi Kay.

How come there’s all this talk about parachutes, and no talk of jail?

Exactly who is being investigated by the FBI? Is Paulson?

F.B.I. officials said Tuesday that the total number of corporate fraud investigations at the bureau was 26, an increase from the 24 open cases cited just a week ago by Robert S. Mueller III, director of the F.B.I. That number stood at 21 as recently as July, but the bureau has not named most of the targets.

Mr. Mueller told members of the Senate Judiciary Committee that the major corporate investigations are aimed at companies that “may have engaged in misstatements in the course of what transpired during this financial crisis.”

Preznit Chimpy doesn’t need Paulson’s advice on signing statements. He’ll just do what the little voices in his head say.

Because he is utterly wrong about everything and shouldn’t be trusted with $700,000,000,000 of our money?

Teddy, think of the horror that might take Paulson’s place!

((( Teddy )))

BushCo demands that greed be a prerequisite for their staff … their Alma Maters must be so proud …

How Chimpy lies:

New details emerged over the weekend of a remarkably tumultuous White House meeting on the bailout Thursday. With the session breaking up in disarray, according to two participants, Bush issued an appeal, saying, “Can’t we just all go out and say things are OK?”

Experts say that $700 Billion is only 5% of what is actually needed … going to look for linky now

Why Is Hank Paulson Still Employed by the USA?

Because it’s the SEC’s fault, duh.

Day-uhm! Little Boots had a Rodney King moment huh?

The GOP appears to have identified a new “deal-breaker” now that Paulson has given in on everything else. Unsurprisingly, the “deal-breaker” involves helping average Americans keep their foreclosed homes:

Some Democrats still want a provision allowing bankruptcy judges to rewrite mortgages to help homeowners avoid foreclosure. Thune said that would be “a deal-breaker” for Republicans.

Actually, I would probably trade letting Paulson sit at a desk and do nothing through January if we could get an iron-clad agreement that there won’t be a signing statement. The thought that there could be one makes me think all the negotiations are pure theatre.

Paulson is still there in order to calm the overseas markets. In fact didn’t Obama say that he would keep him on. He has earned respect but just not in the United States.

If that is true, we ought to scrap the whole economy and start from scratch. Most of us will be living in hovels eating mudpies for the forseeable future anyway.

Very good question! I just did a post on my blog asking why the hell are Americans being asked to bailout these Wall Street companies that are being investigated for fraud & other felonies before the investigations are done! This would be like telling the guy who robbed the bank downtown that he can have the rest of the money in the bank before his trial begins. Spit. It really pisses me off.

That ad should be cut immediately, asking Americans how much help they think the republics are going to be to main street. They can give hundreds of billions to wall street but help to main street is a “deal breaker”

It is possible that the Lumpen Proletariat and the Lumpen Cable Tee Vee guys might discover Henry Paulson is making money from this deal. If the “deferred compensation” is actually publicized, that Goldman Sachs is bribing Paulson to get this fraud, then the “public” might get even more angry. It could happen. But, the hypocrisy of “transcending politics”, by these rabid, thieving, knuckle dragging neo-cons, is almost funny.

Economic Decider Guy admits the extortion today. He also claims to understand fairness. But he is stealing taxpayer money for you or “for many of you”. They must reward the “MISTAKES” of “IRRESPONSIBLE FIRMS”, anything else is not possible. The taxpayer will be buying more of those tasty “TROUBLED ASSETS”. (That is dumb, buy the untroubled assets instead.) It will not actually cost $700 billion. No It is going to cost $700 gazillion! And the money goes to rich people especially Goldman Sachs.

When the government asks you to pay for mistakes on Wall Street, it does not seem fair. And I understand that. And if it were possible to let every irresponsible firm on Wall Street fail without affecting you and your family, I would do it. But that is not possible. The failure of the financial system would mean financial hardship for many of you…

Under the proposal my Administration sent to Congress, the government would spend up to $700 billion to buy troubled assets from banks and other financial institutions. ..

The final cost of this plan will be far less than $700 billion…

Paulson and Bernanke (the ‘renowned’ Great Depression scholar no less!) should both be in jail. If bloggers saw this coming one year ago or less, then why the hell didn’t they?

I say let the companies fail that need to and put their CEO’s and other management in prison.

I’m on a prison kick today. Just ignore it. LOL

I consider him one of the crooks of Wall Street and he should be investigated, and probably charged under RICO.

Most of the Bush people were engaged in criminal, albeit white collar type of crime. The whole lot of them, including Ashcroft, Gonzo and Mukasy need to sit before a jury at the defendant’s table.

Look at the money Paulson and Bernake made on Wall Street.

This is just the case of the foxes guarding the hend house.

I still don’t follow why we would want to give money to the idiots that lost it for themselves, and us, in the first place. They need to disappear due to their skills in the trade that they chose. They are very likely to be more helpful to you and I working in prison as part of their plea deal for fraud. (24 of these companies are being investigated at this time) Perhaps after they do their time they can get trained in the housekeeping or fast food industries.
Let us knot be tied to the plans of criminals, or how they reward their friends for corporate treason. I am surprised.

I want someone on my side in these miserable negotiations instead of these spineless democrats. “Our” side is throwing the bankruptcy option off the table, and offering a lot more money. And worst of all, putting the laughable insurance idea in the bill as a sop to the “conservatives”, who, as reported in the NYT this morning are just tired of being Bush lackeys:

After years of acceding to the White House on a variety of initiatives despite deep misgivings, House Republicans found the administration’s latest proposal to be too much to swallow.

Screw them. Screw them to the wall. Make them eat this piece of Bush garbage, chew it 50 times and swallow like they have every other piece of Bush garbage.

Oops, I left out the “transcending politics”. Also, there is something about bi-partisnship and Democrats working with neo-cons. Also Kommander Guy continues to be confident.

Our Nation’s economic well-being is an issue that transcends partisanship. Republicans and Democrats must continue to address it together. And I am confident that we will pass a bill to protect the financial security of every American very soon.

Hi Betsy. The thing we’re not be told very loudly is the result of polling on the bailout. Way at the end of today’s WaPo update is this:

In an Associated Press-Knowledge Networks poll, only 30 percent of those surveyed expressed support for Bush’s package. Forty-five percent were opposed, with 25 percent undecided. The survey was conducted Thursday and had a margin of error or plus or minus 3.8 percentage points.

There is no constituency for this bailout. People are angry. That’s why Congress wants to hurry.

Thanks so much Ian.

digg

As I said on a previous thread, this is a case of paying the foxes $700 billion for pillaging the henhouse.

It is. Check out the comments to this article:

http://www.timesonline.co.uk/t…..832292.ece

De Rothchilds…something manufactured electronically to crash the market so the Rothchilds can ‘move in’ for the complete takeover…

Makes ya dizzy. I say jail Lynn Forester De Rothchild today just for her support of John McCain.

New details emerged over the weekend of a remarkably tumultuous White House meeting on the bailout Thursday. With the session breaking up in disarray, according to two participants, Bush issued an appeal, saying, “Can’t we just all go out and say things are OK?”

Illustrative of our dear leader’s style and yet my mouth is agape.

Thanks for writing about this Teddy, this really is torches and pitchfork time. WE have to be able to see every move they make.

Completely agree Ian. Paulson is just going to “privatize” this to PIMCO or some other Wall Street firm. Tough, roll up your sleeves kind of oversight is definitely needed.

If Pelosi and Reid allow this to pass without GOP support, as the House GOP is practically daring them to do, they are idiots. Worse idiots than I thought. The GOP will run against Bush and his Democratic Congress lapdogs on this bailout this fall — and they will tap into Americans’ anger at this bailout.

It is a setup and a stickup. Stop it.

Henry Paulson Nigerian Prince

Just say no to the bailout.

I don’t trust the man.

It’s just a “controlled demolition”:

http://www.gather.com/viewArti…..Groupspace

Makes sense to me. When it’s put that way I can wrap my brain around it.

I can’t help but look at Jess Bachman’s poster here in front of me and see that in Fiscal 2009 we are spending $799 Billion on Military/National Defense for 68% of our discretionary budget. When one considers we maintain over 760 foreign bases, often paying tribute to deeply unpopular despots for the privilege of doing so, it would seem that we need to reexamine our so called “Defense” policy.

If we’re going to fire Paulson, why not impeach Bush and Cheney at the same time. That would putPelosi in the WH.

Are you sure you’re not a lobbyist for the prison-industrial complex, Kay? You sure are putting lotsa people behind bars today! *g*

But I’m with you all the way….

No, but I should be! “I want a painted black window in Cell #546…yeah, you heard me….that would be Paulson’s cell. Now get painting!!! Now here’s $5,000 bucks! Get crackin’!!!”. *sigh*

If Pelosi and Reid allow this to pass without GOP support, as the House GOP is practically daring them to do, they are idiots. Worse idiots than I thought. The GOP will run against Bush and his Democratic Congress lapdogs on this bailout this fall — and they will tap into Americans’ anger at this bailout.

It is a setup and a stickup. Stop it.
ABSOLUTELY

Gasp.

oops sorry

If Pelosi and Reid allow this to pass without GOP support, as the House GOP is practically daring them to do, they are idiots. Worse idiots than I thought. The GOP will run against Bush and his Democratic Congress lapdogs on this bailout this fall — and they will tap into Americans’ anger at this bailout.

It is a setup and a stickup. Stop it.

ABSOLUTELY

For Nancy & Harry:

http://whitenoiseinsanity.file…..ttkick.gif

Not jail, but close enough.

Pelosi and Reid are idiots. It’s already proven and therefore not conditional on this bill.

Pete Stark, former banker says he will oppose the bailout and the process is like the vote to go to Iraq

http://www.sfgate.com/cgi-bin/…..38;sc=1000

What does Ron Paul have to say about this, I haven’t seen him railing against it, is he being held in an undisclosed location somewhere for the duration?

BULLSEYE!!!!!!

Thanks you.

Oh, he’s talking about it:

http://www.youtube.com/watch?v=1sfUKZOHtRs

Why Is Hank Paulson Still Employed by the USA?

He’s not … well he is, but his loyalty is with his former employer

But the conflicts are also visible. Paulson has surrounded himself with former Goldman executives as he tries to navigate the domino-like collapse of several parts of the global financial market. And others have gone off to lead companies that could be among those that receive a bailout.

[…]

Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.

“Its benefits, in its current form, will be largely limited to investment banks …

from your link KGC

Republicans are especially insistent that none of the bailout money be passed through the liberal low-income housing group known as ACORN, which had activists on Capitol Hill this week. They also are pinning the roots of the subprime crisis on an expansion of the Community Reinvestment Act by the Clinton administration that required banks to lend money to people with shaky credit, designed to prevent banks from “redlining” poor neighborhoods by refusing loans.

This is now a Republican/Limbaugh talking point, there were callers to CSPAN this morning bashing Obama for being associated with ACORN, and going on about how ACORN is a big cause of the problem.

Always responsive to her constituents!

Sen. Dianne Feinstein, a California Democrat, went to the Senate floor to urge that the modified bailout be passed, despite receiving “more than 50,000 calls and letters, the great bulk of them in opposition to any form of meeting this crisis with financial help from the federal government.”

ooo thanks Kay!

Of all the things, the attempts to blame this on CRA is the most ridiculous that and the claim yesterday that wamu failed because of it’s minority hiring policy. What a giant pile of crap

For this kind of crap alone, the Democrat should be say NO F–king WAY

You’re welcome! Per the guy who taped Ron Paul, here’s a video he did on the Shadow Economy:

http://www.youtube.com/watch?v=Gl27UziYXjE

Well done!

I certainly don’t trust Paulson. He was president of Goldman when the SEC changed the leverage rules for the five top investment companies in 2004. We can all figure out what firms were allowed to leverage 40 to 1. My comment was only to point out why he was still there.a

Don’t know if this what you’re looking for but …

“Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion“

Democratic Rep. Pete Stark of Fremont, a former banker, said he probably will not support it, calling dire warnings of a credit meltdown “grossly overrated.”

“I think we are being railroaded in the same manner we were to vote for Iraq,” Stark said. “The banks of the Bay Area are in good shape, and they’re bailing out Wall Street for $700 billion. It’s irresponsible and reckless.”

This is outrageous to let a Democrat talk this way! Nancy Pelosi should immediately punish him. Stark is incredibly disobedient to those patriots on Wall Street. Why cannot Stark be like that guy, Blunt from Missouri, who is someone Nancy can work with in constructive manner to get Trash for Cash.

Isn’t it amazing? It’s all still Clinton’s fault! If it’s good, it is due to Ronald Reagan’s enlightened Conservative Policies, which restored sanity to the Nation. If it is bad, it is due to the ineptitude and/or malevolence of the DemoCRAT party, who are continually conspiring to raise taxes on (steal the money of) “Hard working Americans”, whenever they are not attempting to “Buy votes with Government handouts”, and lets not forget the ever popular “Obstructing common sense Energy Policy” the Virginia Foxx tagline. Of course they will work the “Pelosi Premium” into their spiel also. They’re just so cute…

Here’s something really scary: H/T commenter at Calculated Risk, looks like bindgirl or gas.

Hmmm, maybe this link: http://www.moneyandmarkets.com…..Paper.pdf.

Nancy could have said “cuff him!” when Paulson did this:

http://www.usnews.com/blogs/th…..elosi.html

But, she didn’t. *sigh*

Clearly, Paulson doesn’t work for you.

He’s a co-conspirator with David Rockefeller’s New York FED, JP Morgan Chase, Goldman Sachs, the Council Of Foreign Relations, The Trilateral Commission and the Bilderberg Group.

Follow the money…to David Rockefeller – the enemy of the United States.

ding ding ding….

We may be hated around the world because of our policies, but no one is coming here to fight us. They of course want us our of their countries… and rightfully so. That’s a concept I can get behind and then we can defend our shores from invasion. hahahaha

Charlie Daniels endorses Sarah Palin!

THere are a LOT of people who think like this, and completely disregard her utter stupidity and incompetence.

Stupid seems to be the overriding characteristic of the vast majority of repukes.

Oh, thanks for explaining that.

and Kay, thanks for the second link.

Did you hear Bill O’Reilly’s rant the other day on his radio program? He made some very good points until he started being an asshole as usual:

http://www.youtube.com/watch?v=hDou01X5d28

And why do we have to help “investment banks”? I fergot

You’re welcome. It’s really difficult to understand the whole mess we’re in and having a guy like that make it simple for all of us is very helpful!

Paulson should be fired to disgrace him and let those who come after him know that some things just won’t work for them any more.

Paulson was appointed to unlock the vaults to his Wall Street pals, and has done a splendid job, so far. The bank robbers are in the vault, stuffing their pockets, right in front of our faces, and everybody is wondering “why” Paulson still has a job, when he’s doing exactly what he was hired to do!
And Congress, which is supposed to protect the national interests, is rolling over for this. Guess why?

It’s really the shadow government of big bankers like David with his pretty face the CFR which is holding the puppet strings of our government, the media, and industry.

We have a kabuki democracy which they own lock stock and barrel. Be interesting to see if the people can revolt against them or if Obi bends for them… after he has a sit down with them. Now listen up boy…. this is how it works…

We all know when this is said and done Hank Paulson will be awarded the Medal of Honor. Yep, he’ll get the highest citizen award in the country! Imprison that man before he puts this medal next to his US flag pin on his lapel! Traitor!

LIndsay upstairs

Teddy is right. If Mueller’s FBI has evidence on Paulson, take it to a grand jury. Paulson can lawyer up. Paulson needs to resign right now.
He can tell his plan to the jury. The congress shouldn’t trust him, or give him any more power or money. Paulson is part of the problem. Don’t let Paulson judge himself. A congressional committee or a US Court should judge Paulson, convict him if he’s guilty & send him to the slammer if Paulson is found guilty.

The problem that we now face is a credit crisis. It’s a damned if you do and damned if you don’t. If banks cannot borrow money from other banks, then they can’t make loan to businesses and yadda, yadda, yadda. It might mean that you can’t get a car loan and it also might mean that you won’t get a paycheck. It’s serious and although I don’t agree with a blank check, I think that it might be necessary to pass a bill. Not a blank check but maybe 250 billion with oversight initially.

The problem that we now face is a credit crisis.
Do we …plenty of financial pundits saying that it it not true.

At a Harvard panel discussion yesterday, economist professor Ken Rogoff made an interesting point: The liquidity crisis isn’t real. Or, to restate it: Any liquidity crisis is caused by the promise of a government bailout. Ken said that his many friends in investment banking said that there is plenty of money to invest in financial services, but right now it is “sitting on the sidelines.” Why? Because the financial services industry does not want to pay the terms required to get that money back in circulation (e.g., give up equity). As he put it, why do business with Warren Buffett who will negotiate a tough deal, if you believe that the government will ride in soon with cheaper cash?

http://www.creditslips.org/cre……html#more

Corey Mull sent a message to the members of “Just Say No” to the Paulson Bailout.

Subject: NoCashForTrash.org

I wanted to announce a new site organized to oppose the Paulson bailout. Check out http://www.nocashfortrash.org, a bipartisan effort to keep Congress off the path of socializing risk and privatizing profit. You can submit bailout-related articles and opinion pieces there, as well as sign a number of petitions.

I second that. Chimpy will just do whatever he wants which is why ALL of his signing statements have to be abrogated by Obama come January.

Perhaps Nancy could introduce a censure resolution. Wasn’t Pete Stark the Congressman she made apologize on the House floor for insulting Dear Leader Bush?

Last Thursday morning I had C-SPAN on and the Speaker in charge for the day (can’t remember her name at the moment) told one of our Democrats who had just finished giving her 1-minute speech, “May I remind you to not go after the personalities of our president & vice president, please” or something to that effect. WTF!

Are their children being threatened by Dick Cheney or something? Something very strange is happening.

Oh yes.

“You don’t have money to fund the war or children. But you’re going to spend it to blow up innocent people if we can get enough kids to grow old enough for you to send to Iraq to get their heads blown off for the president’s amusement.”

How about making part of the agreement that Paulson is out, and congress gets to choose the interim chair?

So he and h is fingers won’t be anywhere near the till these last critical months?!

I have a question. Where exactly is this $700 Billion coming from? (Why do I get this sneaking suspicion they plan to take it from Social Security?)

Paulson is a lame duck who in four months will be seeking work in the industry to which he will hand out hundreds of billions of our dollars — he’ll be the on who decides who gets bailed and who doesn’t. Do we have to turn that very serious responsibility over to an unaccountable lame duck?