Tuesday, June 19, 2012

Hank Paulson: I Rescued Goldman Sachs to Help Out the Public


Speaking to several thousand US and global executives at the Biotechnology Industry Organization’s annual convention in Boston, former Treasury Secretary Hanks Paulson said:
What I never was able to make the public understand was that the rescues weren’t for the banks, they were for the public. Every rescue, every bailout we did, I have no regrets because it was better than the alternative.... The money we put out, it prevented a collapse.
Uh yeah, it prevented the collapse of Goldman Sachs and other banksters.


Paulson appeared on a podium for a post-luncheon conversation with another former Treasury Secretary Robert Rubin, the Boston Globe reports.

Rubin said the United States, the European Union, and Japan all face unsustainable levels of debt.
All three of these, roughly speaking, have the same problems. They have unsound, unsustainable, and deeply dangerous fiscal situations. In each of these major regions, the problem has been kicked down the road rather than addressed.
In recent public statements, Rubin has been extremely pessimistic about global financial affairs. 




14 comments:

  1. It was for the children... And their trust funds.

    ReplyDelete
  2. What a "butt-munch." It's no wonder we're in so much trouble with clowns like Paulson serving in Cabinet Level positions.

    It was for the public...puhleeze! You took care of your buddies at Goldman with my and the American taxpayers' money because that's what immoral, criminal, crony capitalists do.

    ReplyDelete
  3. "You see, my good man, without the arisssss-tock-racy, the common peasant would be rudderless. The peasants needed to be saved, and that meant saving the arissss-tock-racy. It is a shame the bloody fools do not appreciate our sacrifices."

    ReplyDelete
  4. What's with Rubin? Did he suddenly get religion?

    ReplyDelete
  5. As Ron Paul asked Bernanke: 'Why didn't you just send each American household a big fat check instead?'

    That's not how the system works Ron.

    ReplyDelete
  6. Hank Paulson is a fucking psychopath who trashed America to save his asshole buddies. And I'm being nice.

    ReplyDelete
  7. And that, ladies and gentlemen, is how you justify to yourself that you're not a total slimeball. I'm glad Mr. Paulson can sleep at night. I wonder if the people that have been subject to rampant inflation in food prices overseas are doing the same?

    ReplyDelete
  8. Can it really be described as "help" if I didn't request it?

    ReplyDelete
  9. i had to give a trillion dollars to my friends. not for their benefit, but for yours. trust me on this...

    ReplyDelete
  10. disgusting, despicable prick

    ReplyDelete
  11. "...pull the other one... it plays jingle bells.."

    ReplyDelete
  12. Yeah for the public.... it had nothing to do with the $500 million in GS stock he sold after the bailout ($200 million of which was tax free). Nope, he did it for little old you and me.

    http://articles.marketwatch.com/2006-06-30/news/30767746_1_paulson-goldman-sachs-stock-units

    ReplyDelete
  13. That statement was for the public who fall into the category of sheep. Individuals who actually read to seek the truth don't accept wooden nickels.

    ReplyDelete