Treasurer Paulson Defends Actions; Says There's 'No Playbook' for Crisis
National News • November 18, 2008
U.S. Treasury Secretary Henry M. Paulson, Jr. told members of the House Committee on Financial Services that there is "no playbook" for dealing with the current financial crisis and defended the ...
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Subject: Uh, Hank Baby...
Posted On: November 18, 2008, 1:05 pm CST
Posted By: Pope Sylvester II
Comment:
"I am very proud of the decisive actions by Treasury, the Fed and the FDIC to stabilize our financial system."
Uh, Hank, it's a cardinal rule that you let others praise you and you don't praise yourself. Just do whatever it is you're going to do and let others judge you.
Incidentally, as to the claim that no one could have foreseen this, please wake up. How about Ron Paul warning for years that this would happen? How about the writings of prominent Austrian economists on web sites such as lewrockwell.com or mises.org that the collapse was an inevitable result of a fiat money system? Oh, that's right, those aren't "mainstream" enough for your taste. They don't cheerlead every and all action that you and government takes (you've got Time magazine, the Wall Street Journal, the TV networks, et. al. for that). Incidentally, search the web for Peter Schiff, a stockbroker who actually knows what he's talking about. There are youtube videos of him on talk shows about one to two years ago predicting exactly what would happen; the other "experts" opposing him said that everything was rosy.
Face it Hank, the jig is up. The only thing you're doing now is trying to plug the dike with your fingers. You'll be lucky if you don't get tarred and feathered.
Subject: Uh, Hank Baby...
Uh, Hank, it's a cardinal rule that you let others praise you and you don't praise yourself. Just do whatever it is you're going to do and let others judge you.
Incidentally, as to the claim that no one could have foreseen this, please wake up. How about Ron Paul warning for years that this would happen? How about the writings of prominent Austrian economists on web sites such as lewrockwell.com or mises.org that the collapse was an inevitable result of a fiat money system? Oh, that's right, those aren't "mainstream" enough for your taste. They don't cheerlead every and all action that you and government takes (you've got Time magazine, the Wall Street Journal, the TV networks, et. al. for that). Incidentally, search the web for Peter Schiff, a stockbroker who actually knows what he's talking about. There are youtube videos of him on talk shows about one to two years ago predicting exactly what would happen; the other "experts" opposing him said that everything was rosy.
Face it Hank, the jig is up. The only thing you're doing now is trying to plug the dike with your fingers. You'll be lucky if you don't get tarred and feathered.