Create Condition
Create Chaos
Create Confusion
Create A Cure
Create Control!!
ACT NOW ACT NOW ACT NOW ACT NOW ACT NOW ACT NOW ACT NOW ACT NOW ACT NOW ACT NOW
I smell a rat. Is it just me, or does this all smack of "Wall Street Mole". Paulson's roots are Wall Street (Not Main Street); and he is in reach of government money (our money). $700,000,000,000
From Wikipedia:
Henry Paulson previously served as the Chairman and Chief Executive Officer of Goldman Sachs.
http://www2.goldmansachs.com/our-firm/press/press-releases/current/bank-holding-co.html
GOLDMAN SACHS GROUP, INC.
is a primary dealer in the U.S. Treasury securities market.
Goldman Sachs cashed in under Paulson, with earnings in 2005 of $5.6 billion; Paulson made more than $38 million that year. A 2005 annual report shows that "Goldman was still a significant player" in issuing mortgage bonds. The conflict of interest is increasingly clear today, as Bloomberg reports that "Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries" of Paulson's bailout plan:
Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.
"Its benefits, in its current form, will be largely limited to investment banks and other banks that have aggressively written down the value of their holdings and have already recognized the attendant capital impairment," Jeffrey Rosenberg, Bank of America's head of credit strategy research, wrote in a report today, without identifying particular investment banks."
Most Americans did not want to "buy" in to the Bush Administration's Social Security Stock Market Plan.
DOES SOCIAL SECURITY FACE A CRISIS IN 2018?
by Jason Furman Revised January 11, 2004:
A recently leaked White House memo indicates that the first phase of the Administration's strategy to sell individual accounts will be to convince Americans that the Social Security system is "heading for an iceberg
Paulson: Social Security fix needed:
By Jeanne Sahadi, CNNMoney.com senior writer Last Updated: March 25, 2008: 5:43 PM EDT
Treasury Secretary says program is 'financially unsustainable.' Trustee report says government will have to pay back what it owes starting in 2017.
NEW YORK (CNNMoney.com) -- Treasury Secretary Henry Paulson, saying that Social Security is "financially unsustainable," called Tuesday for quick action to keep the system strong and released a report detailing the program's funding shortfalls.
The federal government will have to start paying back what it owes the Social Security trust fund in 2017 so the program can continue paying 100% of benefits. By 2041, if the system is left unchanged, Social Security will only be able to pay out 78% of benefits promised to future retirees."
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