rawstory.com — It certainly pays to be Treasury Secretary if your former firm is a brokerage house, a new study says. Goldman Sachs -- formerly run by Treasury Secretary Henry Paulson, and Morgan Stanley, stand to be among the biggest beneficiaries of his $700b bailout. Under the terms, banks will gain less, whereas brokerages will net more cash.
Sep 23, 2008 View in Crawl 4
Closed AccountSep 24, 2008
Color me surprised.
jlhobenSep 24, 2008
This is extortion by the Fed. These wall street CEO's should be investigated not rewarded for this mess!!! Help congress take back its power.
torgarmanSep 24, 2008
Eryximachus - I don't share your cynicism. Obama is a much better candidate than McCain. After reading some of his economic plans, I think Obama will help turn the economy around. Also, I'm not a huge fan of Bill Clinton, but we had budget SURPLUSES when he was in charge. Bill Clinton put his aspirations for some social programs aside so that we could pay down the national debt. This helped spur confidence in the markets, and drove some of our growth in the 90s. Whatever else you have against Obama or Clinton, they are smart when it comes to the economy.4t0mik - Regulation caused the financial crisis??? That's ridiculous, and unworthy of further comment.
aflaksOct 4, 2008
I dont get you all. Paulson and his firm spent a lot of money through donations to get political ground *bad!! outrage on digg*. But in news articles before this, we'd see "Obama raised 40 million dollars last month!" *good! f**k McCain and Hillary, Woo!*Where do you think this money came from? Its certainly not free. People like Paulson buy influence with that money and now that he's in control, no s**t he's going to bolster his own company.Christ. Digg me down I dont care, this is just another example of the "can do, just not with my money" spirit around here. Get real, this is how life works.