Even the New York Times Calls Paulson a Liar → Washingtons Blog
Even the New York Times Calls Paulson a Liar - Washingtons Blog

Saturday, October 25, 2008

Even the New York Times Calls Paulson a Liar


Even the New York Times is calling Paulson a liar:

“First [Paulson’s Department of Treasury] says it has to have $700 billion to buy back toxic mortgage-backed securities. Then, as Mr. Paulson divulged to The Times this week, it turns out that even before the bill passed the House, he told his staff to start drawing up a plan for capital injections. Fearing Congress’s reaction, he didn’t tell the Hill about his change of heart.

Now, he’s shifted gears again, and is directing Treasury to use the money to force bank acquisitions. Sneaking in the tax break isn’t exactly confidence-inspiring, either.”
What tax breaks is the Times talking about? The article explains:
A new tax break [pushed by Treasury], worth billions to the banking industry, that has only one purpose: to encourage bank mergers. As a tax expert, Robert Willens, put it: “It couldn’t be clearer if they had taken out an ad.”

3 comments:

  1. just want to say please keep up the good writing. it's greatly appreciated. keep getting the truth out to the nation as much as we can.

    ReplyDelete
  2. Without hesitate, I bought eve isk , in the game I can find myself. I feel lonely, but I do not want to talk with anyone, so I buy isk . At present, think the happy day I spend in knight, I am eager to enter it, and buy eve online isk . Own eve online isk , it means that you own the life of happiness. So I will not leave cheap eve isk . It is the origin of the happiness.

    ReplyDelete
  3. Do you know that the mabinogi gold, and do you want to know? In the game many palyers need the mabinogi money to up their levels. so they often search where can buy the cheap mabinogi, I think our website is your choice. Many friends told me that in here can buy mabinogi gold, and you will also practice your online games skills. So i hope more and more players come here to buy the mabinogi online gold.

    ReplyDelete

→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.