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Paulson Wants More Bailout
Number one item on Henry Paulson’s Christmas list? The second half of the $700 billion rescue funds that he had originally set aside to pass onto Barack Obama. Paulson has requested that Congress make those funds available to him. With the commitment of $17.4 billion to the auto industry, the first half is essentially spent. In order to receive the money, Paulson will have to submit a report to Congress specifying how he’ll use the funds. Paulson needs the funds, he said in a statement, “to support financial market stability.”
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HOPEFULLY, what remains of the shattered delusional congressional body that ushered out Chimpy and his gang of thieves will tell Paulson - "BITE ME"...and leave for the airport...
hell no, no more money for you Paulson... you must go NOW
before it is to late...
hell no hell no hell no hell no HELL NO
Paulson either is a lying crook only out to enrich his buddies on Wall Street and in the banks, or he is amazingly stupid. He has poured out the $350 billion he knows not where or what for, supposedly, without strings attached, and in short is acting like the Wall Street CEO that he was and the multimillionaire perhaps billionaire that he is. One has to wonder where his own investments are.
The Congress should not make the remaining half of the money available, at least as long as Paulson or Bush has anything to say about it.
As a farmer, who suffered a financial loss due to one of our recent weather-related disasters, I find it quite amazing that the Federal government has allowed $350 BILLION dollars to
disappear so quickly into unknown hands.
The series of steps one has to go through to access Federal disaster-relief funds is daunting, and necessary. Necessary in order to prevent fraud, daunting because of the inordinate paperwork required to document and quantify the amount of the loss.
For some reason, the paperwork, and waiting period related to a $3,000.00 loss is substantial, while that related to a $350,000,000,000.00 bailout is apparently non-existent.
While one is grateful that disaster-relief funds exist, one is perplexed that the fiduciary safeguards have been all-but-suspended for the really BIG money.
In a couple of years, when we learn that some Bernie Madoff-type has siphoned off a few million or billion, who's counting anyway, of the $700 billion allocation, who will be held accountable?
Who indeed?
Thank you.
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