Thursday, October 02, 2008

So our soon to be Economic Czar Paulson has about 700 million dollars of his own money at stake in this "bailout"...if you sniff around the Treasury Department, you will run into ex-Goldman Sachs workers all over the place....behind desks....at the watercooler...in the vaults stuffing their pockets with money....the AIG salvage involved saving part of Paulsons fortune....his buddies over at G.S.needed to keep their loot from evaporating. Paulson being involved in any WallStreet bailout plan stinks. Its a total conflict of interest. But try finding someone inside the Treasury who can run it, and is also outside the Goldman Sachs loop- I dont think it can be done.

The New York Federal Reserve Bank is the prime nest of rats in all of this. The NYFR bank ought to be nationalized- leave the other 11 Reserve Banks the way they are- their accounts don't smell like Denmark. The NYFR is made up of several private banks run by casino gamblers-only, unlike you and me, they gamble with extorted and stolen money, and refuse to face up to any losses.

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