• 10 Oct 2008 at 12:49 PM

Paulson To Use Superpowers Sooner Than Expected

By Equity Private

In a raft of measures, that aren’t desperate (no really, we swear) Hank Paulson is set to issue what looks to be a general “term sheet” in the next few days for all financial institutions needing an thick injection of syrupy cash, or three.
Apparently, the power and flexibility Paulson possesses to complete these transactions has taken some by surprise. (People, we went over this once already. The Emergency Economic Stabilization Act of 2008 renames Paulson “Kal-El” and, because of his proximity to our yellow sun, grants him powers mortals could only dream of. Especially when it comes to syrupy capital injections). There is concern among many legislators that there was far too little opportunity for hand-wringing and grandstanding with lots of cameras and microphone thingies pointing before Paulson stole the show. Damn that Paulson and his financial crisis!
There is some grumbling (read: preparatory leaks) that Paulson might go so far as to nationalize crumbling banks as well, which should silence all the snickering that has been going on since Northern Rock was smothered in the ample bosom of the crown earlier this year.
Then there is the discussion of backing all bank deposits in the United States. It’s all the rage, you know.
No word yet on the use of X-Ray vision to see into balance sheets from afar.
Radical Measures May Be In The Wings [CNBC]

Comments (9)

  1. 1
    Posted by guest | October 10, 2008 at 12:59 PM

    PAULSON IS ALIBERAL LEFT LEANING rich WEANIE.

  2. 2
    Posted by guest | October 10, 2008 at 1:02 PM

    I think he better issue it in the next few MINUTES, not days.

  3. 3
    Posted by american bandersnatch | October 10, 2008 at 1:05 PM

    I think HE SHOULD RANDOMLY capitalize WORDS in his press RELEASES.

  4. 4
    Posted by guest | October 10, 2008 at 1:06 PM

    http://z.about.com/d/comicbooks/1/0/9/D/FCJG300-0091.jpg
    Look what congress gave the Bald to go along with his 700 Billion.

  5. 5
    Posted by guest | October 10, 2008 at 1:08 PM

    nationalize me please, bro!
    -retail

  6. 6
    Posted by guest | October 10, 2008 at 1:18 PM

    i already got nationalized, its called the military. And they did not even give me vasaline.
    Hank, when money was not enough, now he is out for more power over my mortal life than God.

  7. 7
    Posted by guest | October 10, 2008 at 1:23 PM

    Hank has until about 2 pm to unleash these powers before we see a massive selloff led by MS and GS.
    Don’t they get it? When Paulson fucked everyone over Lehman, he took moral hazard out of the market and replaced it with abject FEAR.
    Who can use a counterparty with a stock down 50% in a day? Down 90% on the year?
    Absent a real response – like a term sheet issued today or just buying the freaking common – they’ll be convening the Wall Street illuminati at the New York Fed again this weekend.

  8. 8
    Posted by Anal_yst | October 10, 2008 at 1:38 PM

    @ 5
    This…is…LESBOOOOOOS?
    Like the superman reference EP, just wonder what Paulson’s proverbial kryptonite is, and who, then, is the Lex Luthor to his Clark Kent?

  9. 9
    Posted by guest | October 11, 2008 at 1:33 AM

    Step back and look at what’s happening. The economy’s cash flow has stopped because the source has dried up. Consumers are that source. And now the economy is shriveling up. Money flows up; not down. The voodoo theory of economics has long ago been discredited. That is why the ‘bail out the financiers so they can rescue the rest’ approach by the government will not work. Until the people are out of debt and have saved enough money to re-establish their credit, the economy as we have known it will disappear. This is going to be a long drought.

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