AIG, Paulson and Geithner market-ticker.denninger.net

[adamuu]

http://market-ticker.denninger.net/archives/1907-AIG,-Paulson-and-Geithner.html

So we're stuck with a handful of facts, none of which are in dispute:

1. Congress was told that either $700 billion be handed out immediately or civil order would be lost. They were told this by Bernanke and Paulson and believed it.

2. Congress took the action Paulson and Bernanke demanded but then did not spend the money as they said they would, and yet the "or else" did not happen.

3. Yet neither Paulson or Geithner will take responsibility for the precise actions taken during what they, along with Bernanke, claimed was literally an "end of the world" event!

Paulson gets the cake though - he admitted (under oath!) that The Fed just blatantly printed the money to rescue AIG and the banks (!!!)

[valerief]

1. Paulson: "I don't know nuttin'. I wasn't involved with that." Ad nauseum.

What an asshole.

[dixiegrrrrl]

2. Denninger has a way of breaking things down, doesn't he?