Monday, September 22, 2008

A Night At The Wall Street Meltdown

Sorry for the low posting the past two days.

I've been a bit jammed up on the homefront, and, likely, will be for another day (right now, I am aiming to get back to posting, regular-like, tomorrow (Tues) evening, or Wed AM, at the latest).

But it's hard sitting on the sidelines, so, a few, brief observations.

Hank Paulson ... Al Haig ... Al Haig ... Hank Paulson

Not since those heady days of Reagan's Morning After, have we had such a low-rent, second-banana, administration hack look to take over control of the government.

Henry "Hank" Paulson is showing Alexander Haig what a piker he was.

Haig was just looking to grab a little spotlight, feel the power for a few minutes, maybe sit in the big chair for a spell.

But Paulson ... It's simply breathtaking ...

Like this;

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Paulson wants to dole out $700-Billion to his, and the Bush Grindhouse's, Wall Street cronies, carte blanche!

I mean, considering his background (He came from Goldman Sachs - I don't believe you need to fire up Google Maps to know where they are), it was already the fox guarding the hen house, and now, with this Ponzi-inspiring scam, The Commander Guy is greenlighting handing out the contract for guarding all the hen houses, to said same fox.

Simply breathtaking, in its' raw, naked sleaziness.

Fortunately, there's nearly universal, fist-pounding, raised-eyebrows, no-fucking-way steam building up, notably from Senator Chris Dodd, with an alternative that dwarfs Hank's plans, in details.

The heavy-duty arguments, and horse-trading begins in Congress tomorrow (undoubtedly, under the attack of fear bombs being lobbed by the Bush Grindhouse).

But for now, Hank's Heist looks pretty similar to something else;

A Night At The Opera: Contract Scene

Bonus Hank's Heist Riffs

Nicole Belle - Definition Of Economic Insanity: Handing Paulson A Blank Check For Bailouts

Cernig: Bailout Or Rearranging Deckchairs? (Updated)

Ian Welsh: Hank Paulson’s Raid on the Treasury

Larisa Alexandrovna: Welcome to the final stages of the coup...

Robert Reich: What Wall Street Should Do To Get Its Blank Check

Bill Moyers & Kevin Phillips on Bad Money

Top Ten Cloves: Names Considered To Rename Wall Street

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