Treasurer Paulson Defends Actions; Says There’s ‘No Playbook’ for Crisis

November 18, 2008

  • November 18, 2008 at 1:05 am
    Pope Sylvester II says:
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    “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.

  • November 18, 2008 at 1:32 am
    Smitty says:
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    It called the Constitution and the rule of law.

    Bankruptcy court, those that bet & lost-should lose.

    What a concept.

  • November 18, 2008 at 2:21 am
    Mac says:
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    Ever heard of Kiyosaki’s Cash Flow Quadrant, Kiyosaki & Trump’s book — they all predicted this – Paul Zane Pilzer?? The next thing is that all the baby boomers are going to cash in their 401K’s and really sink the ship.

  • November 18, 2008 at 3:13 am
    Smiley says:
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    “The next thing is that all the baby boomers are going to cash in their 401K’s and really sink the ship.”

    Except at some point the government will probably prevent them from withdrawing their own money-it will be for their own good of course.

  • November 19, 2008 at 8:59 am
    matt says:
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    HAHAHAHAHA

    WHAT 401K’S? ? ?

    IF THERE’S ANY VALUE LEFT AT ALL, IT’LL NEED TO BE TAKEN FOR TAXES TO REPAY THE INTEREST WE OWE ASIA.



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