Paulson picks interim head for rescue effort

[GeezerMan]

Link

Looks pretty bad to have a former Goldman Sachs banker head up the spending of the 700 billion bailout.

 

[RightIsWrong]

Talk about your ultimate insider trading...

Former GS CEO Paulson names former GS VP Kashkari to dole out money to GS and other banks effected by their own greed and stupidity.

 

[andy04]

I always had a feeling that this bailout is for the wall street. Its for the banks to recover the money they lost and then close down after 6 months which gives the COEs and execs time to prepare for a fool proof strategy to run away with public money. TODAY I SURE, THERE IS NO DOUBT ANYMORE

 

[GeezerMan]

We should dissolve congress to save those salaries. Then have the voters be allowed to elect the board of directors to corporations. Eliminate the middle man ( government )

 

[trance247]

What we should do is make it a mandatory life without pardon or death sentence for large financial fraud schemes and confiscate everything from the person to be distributed among everyone affected. Back is former USSR, old Joe Stalin knew that people were ONLY afraid of death and possibility of death of your loved ones. If you stole from country or people, you got bullet in the head or radioactive mining career with all your belongings confiscated and possibility of jailing for your loved ones...point being if all we will do is post on forums about it, most of us won't have anything soon...

 

[winnar111]

Originally posted by: trance247
What we should do is make it a mandatory life without pardon or death sentence for large financial fraud schemes and confiscate everything from the person to be distributed among everyone affected. Back is former USSR, old Joe Stalin knew that people were ONLY afraid of death and possibility of death of your loved ones. If you stole from country or people, you got bullet in the head or radioactive mining career with all your belongings confiscated and possibility of jailing for your loved ones...point being if all we will do is post on forums about it, most of us won't have anything soon...

Good luck with that. Thanks to lefties on the Supreme Court, we can't even execute repeat child molestors.

 

[andy04]

Originally posted by: winnar111

Originally posted by: trance247
What we should do is make it a mandatory life without pardon or death sentence for large financial fraud schemes and confiscate everything from the person to be distributed among everyone affected. Back is former USSR, old Joe Stalin knew that people were ONLY afraid of death and possibility of death of your loved ones. If you stole from country or people, you got bullet in the head or radioactive mining career with all your belongings confiscated and possibility of jailing for your loved ones...point being if all we will do is post on forums about it, most of us won't have anything soon...

Good luck with that. Thanks to lefties on the Supreme Court, we can't even execute repeat child molestors.

+1
But i prefer lynching them at city squares and leaving them alive and outsourcing their interrogating to China/Mexico and someone suggested Pakistan too

 

[halik]

Originally posted by: GeezerMan
Link

Looks pretty bad to have a former Goldman Sachs banker head up the spending of the 700 billion bailout.

the guys bio
engineer with an mba... ill reserve my judgement

 

[Robor]

Call me stupid but why are the people responsible for this being trusted to fix it?

 

[heyheybooboo]

Originally posted by: halik

Originally posted by: GeezerMan
Link

Looks pretty bad to have a former Goldman Sachs banker head up the spending of the 700 billion bailout.

the guys bio
engineer with an mba... ill reserve my judgement

"I'm a free-market Republican."?Kashkari, at an American Enterprise Institute conference, Sept. 19, 2008

Hold on to your wallet, America ..... A short-timer controls the Hank Paulson Golden Bucket of Taxpayer Cash.

 

[Pepsei]

you guys want to guess who the new current wachoiva bank ceo came from?

 

[JS80]

hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

 

[JS80]

Originally posted by: andy04

Originally posted by: winnar111

Originally posted by: trance247
What we should do is make it a mandatory life without pardon or death sentence for large financial fraud schemes and confiscate everything from the person to be distributed among everyone affected. Back is former USSR, old Joe Stalin knew that people were ONLY afraid of death and possibility of death of your loved ones. If you stole from country or people, you got bullet in the head or radioactive mining career with all your belongings confiscated and possibility of jailing for your loved ones...point being if all we will do is post on forums about it, most of us won't have anything soon...

Good luck with that. Thanks to lefties on the Supreme Court, we can't even execute repeat child molestors.

+1
But i prefer lynching them at city squares and leaving them alive and outsourcing their interrogating to China/Mexico and someone suggested Pakistan too

I would like to throw tomatoes at them first.

 

[StageLeft]

His selection is just disgusting, I know no other way to put it.

 

[NaughtyGeek]

But, but, but, he's a smart experienced Wall Street guy who knows how to handle large sums of money. Goldman Sachs is one of the largest and most successful organizations right? Pfft, insiders patting insiders on the back and laughing all the way to the bank at the retarded tax payers who supported this nonsense to save them. Last time I checked, you don't hire an arsonist to keep your house from burning down.

 

[BoberFett]

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

I'm pretty sure Goldman employees have already proven they don't know how to handle money.

I'd sooner trust the coin flip.

 

[Dufusyte]

Buffet says, "Time to invest in Goldman Sachs!"

(As for me, I try not to invest in thievery)

 

[Robor]

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Why one or the other?

 

[winnar111]

Originally posted by: Robor

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Why one or the other?

Are you volunteering? Considering the Democrats have been rather stingy about confirming Bush nominees, nobody has suggested an alternative to Mr. Paulson.

 

[winnar111]

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Still looking for an answer to this!

 

[yowolabi]

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Stephen Hawking published a repudiation on his own theory on black holes.

Which is to say, genius is overrated. You can have a genius do all the research in the world, and still just be flat out wrong. If anything, when geniuses are wrong, it's just harder to prove it at the time.

I would prefer inaction to an aggressive move in the wrong direction.

 

[heyheybooboo]

Originally posted by: Dufusyte
Buffet says, "Time to invest in Goldman Sachs!"

(As for me, I try not to invest in thievery)

Berkshire invested in GS because they are guaranteed a profit of $500 million AND if they would have cashed out their common options last week they could have profited an additional $999,565,216.07.

I feel certain that Berkshire sees GS as what they are: Douchbags.

 

[First]

^ Exactly. Buffet got preferred stock in Goldman. Not the same as common stock guys.

 

[extra]

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

Ahh, I love that you only give us two options!

How about a top notch financial wizard from a university somewhere with no possible personal relations or bias toward any of the involved companies.

 

[JS80]

Originally posted by: BoberFett

Originally posted by: JS80
hmmm who do i want running a complicated fund, goldman sachs genius or wise and beautiful woman pelosi bureaucrat?

I'm pretty sure Goldman employees have already proven they don't know how to handle money.

I'd sooner trust the coin flip.

ORLY? They didn't make the right bets on mortgage securities? I don't see them needing any bailout.