Unfortunately I think Ira and Sunsplint are correct. This is Paulson's last chnace to save his buddies in Goldman and the other Wall Street scrooges he is rubbing shoulders with and whose boards he wants to sit in after leaving the government. Bernanke as usual does about anything suggested to him and do not want to be known in hisotry as the FED chief on watch when the US went into depression no. 2. The whole thing was just to obvious during the ongoing hearings when Paulson was pushed on the issue why the congress can't give them say $150b and then re-asses a couple of months ( after the election ) if it works and how much more is prudent. Paulson was spinning on his chair and started studdering without giving an answer that made sense since the answer is likely that by then Goldman is more than likely bankrupt or purchased by someone and that defeats what looks like his real agenda. Reversed Robin Hood tactics on an enormous scale. Rate this comment: 0 0

by Bernhard 01:36:29 PM 2012.06.19