reuters.com — By Glenn Somerville WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Wednesday a recently approved financial bailout bill gives him wide authority to inject capital into the banking system and would not rule out having Treasury...
Oct 9, 2008 View in Crawl 4
Closed AccountOct 9, 2008
So Paulson has the authority to Nationalize the banking industry? Who gave him that power? The same Socialist who say's "the Constitution is just a g-- d--- piece of paper? Come now Bushbots, what say you?
putinscadreOct 9, 2008
I love how Congress just gives other non-elected institutions power to *try* to fix various crises instead of actually doing something themselves. Now we have a man who was the CEO of Goldman Sachs until 2006, during which time GS continuously perpetuated the problem by swapping CDS and underwriting all these sub prime mortgages, trying to fix the biggest financial problem of our general by throwing money at it. Great.The government just needs to do the brave thing here and do NOTHING. Let the system flush itself. In the meantime we'll hopefully have fresh faces in congress who actually represent the people.