hank paulson

Today President Elect Barack Obama selected Timothy Geithner, 47, the president of the Federal Reserve Bank of New York, as his Treasury Secretary. Geithner, who speaks Chinese and Japanese, as well as finance, is widely lauded as the right man for the job.

How come no one ever stopped to ask whether the billions the government is paying to banks to bail them out "for the sake of Main Street" was more or less than what the market would bear? William Greider found someone who did and the news, if true, is horrifying for taxpayers:

Bob Corker on the government’s decision to buy stock in financial companies:

Enclave quotes the words of David Sirota:

Did the recent financial crisis--punctuated by calls for ramming through a bailout bill to save banks and fund capital budgets--actually open the door to consolidation of executive power at the U.S. Treasury? David Sirota argues that in gaining a bailout bill, we may have lost a democratic economic system:

Sérgio Malbergier on the hands the president has been dealt and how he played them:

George W. Bush, 62, is going to go down history. Fate has gotten him twice, and it has gotten him good.

It appears as if our fearless Congressional leaders might be inclined to allow the number of phone calls into their office to dictate their course of action.

"Financial Terrorism" - That is what a caller last night on Michael Savage named this bailout proposal. Another analogy would be Don Corleone who liked to "make an offer you can't refuse;" stuff some cotton balls in Hank Paulson's cheeks and I think you could get a dead-on impression.