Paulson's Swindle Revealed


	Paulson's Swindle Revealed

polymath22

10-30-2008 7:52 PM

224 views

tags:

bailout, swindle, bank, money, taxpayer, wall_street, for:friskeee, for:dmegivern

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10-30-2008 9:16 PM

ajwood

... and this William Ayers.
What are we to think?

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Paulson's Swindle Revealed
</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thenation.com/doc/20081110/greider2"><P>
The swindle of American taxpayers is proceeding more or less in broad
daylight, as the unwitting voters are preoccupied with the national
election. Treasury Secretary Hank Paulson agreed to invest $125 billion
in the nine largest banks, including $10 billion for Goldman Sachs, his
old firm. But, if you look more closely at Paulson's transaction, the
taxpayers were taken for a ride--a very expensive ride. They paid $125
billion for bank stock that a private investor could purchase for $62.5
billion. That means half of the public's money was a straight-out gift
to Wall Street, for which taxpayers got nothing in return.
</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/624C70C1-D546-47FC-A8F1-90E3F6E9A365/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>