We couldn't make this up if we tried. Those words did indeed slip his lips.
Are We In Recession? Paulson: "I Am Not The Decider There."
Posted by Equity Private, Dec 01, 2008, 3:22pm
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Posted by guest , Dec 01, 2008 3:24PM
What he really meant was "I decided I'm not there"
Posted by guest , Dec 01, 2008 3:32PM
Baldy sounds like a dumbshit with that stutter. Spit it out, idiot.
Posted by guest , Dec 01, 2008 3:33PM
baldy needs to get a clue with his ties....
Posted by guest , Dec 01, 2008 3:37PM
When do I get my tax cut?
-Eddie the Cop (makes much less than 250K)
Posted by guest , Dec 01, 2008 3:39PM
He just can't wait to get back to the corner office at Goldman and live off the $10B he fleeced out of the taxpayers!
Shows you just how incompetent they all are! Can we stop saying Goldman people are smart now...? Please!
Posted by guest , Dec 01, 2008 3:41PM
Goldman people were never smart. They are just well connected, which gets you further in life.
It's like who pulls more ass, the nerdy valedictorian or the guy whose older brother will buy beer for him?
Posted by guest , Dec 01, 2008 3:41PM
What is wrong with his tie?
I heard the Fed bought $800 billion in MBS from banks - are they allowed to that without authorization from congress? Where does that money come from?
Also what is this? Is the debt they're referring to loans? I thought GS didn't give out loans. I'm not sure what the purpose of this is.
"Banks, brokers and other financial firms are poised to issue tens and possibly hundreds of billions of dollars in debt backed by the U.S. government, following the lead of Goldman Sachs Group Inc., which received strong interest from investors Monday for $2 billion to $3 billion in bonds it is issuing under a government program."
Posted by guest , Dec 01, 2008 3:45PM
Fuck Bitches!
http://www.youtube.com/watch?v=eONhto0x_nI
SPODE
Posted by NAS Keflavik boi , Dec 01, 2008 3:46PM
@ 7 -- it's crony capitalism. You are witnessing the last great wealth grab before all faith in the system is lost.
Posted by guest , Dec 01, 2008 3:47PM
get MW off CNBC! she's singlehandedly dropping this market
Posted by guest , Dec 01, 2008 3:50PM
Being licked is more important than being right. MW is cooked with far too many enemies now.
Posted by guest , Dec 01, 2008 3:52PM
I wonder what hair products he uses
Posted by guest , Dec 01, 2008 4:07PM
Our economy is bad but we just spent billions shopping this weekend for gifts - that is hardly the same as it was before the great crash. This isn't the end of capitalism although I agree that they're transfering money to wealthy bankers and shareholders.
First they tell us they're buying $700 billion in MBS, then they're not buying toxic assets, now they're buying them again but the money is from the Fed and not the Treasury department.
I have a feeling the brilliant Geithner is behind this - at least Paulson seems smart although corrupt. Geithner is just lame. I don't know which is worse - his bragging about snowboarding or how he uses the word "way" instead of "very" in discussions.
"That is way lame."
Posted by guest , Dec 01, 2008 4:09PM
We are in a recession? WOW.
Posted by guest , Dec 01, 2008 4:26PM
Hey Hank. Dis is me - Charlie G. You knows - da guy that wrote the book that called you a snake. I just posted some shit up on Meredit. Same for you pal. See below.
Hey Meredit. Dis is Charlie G. Yous guys knows me. I"m da nucklehead who breaka all da news on CNBC. Soes whys is it dat you tink you know so much about dese bank guys. I hang out in da bars all night with some of da smartest guys in da world. Theys always tellin me dis and dat and I goes on the air every day and spread the stories. So quit steling my thunder. Some poeople calls me da windbreaker. I calls me da newsmaker and da story breaker. Would you rather I breaka you face????? Quit showing me up.
Posted by NotNasser , Dec 01, 2008 4:32PM
#15,
So ... what have you got?
Posted by guest , Dec 01, 2008 4:40PM
lol. Good one 16. I gots it all. I'm da man. Goes right ahead and breaks to da capitalist system. I'm da man. I beaka da news or I break you face. I'm da man. Yous guys are dopes. I'm da man. !Quote from the Gasbagarumor.
Posted by guest , Dec 01, 2008 4:48PM
Paulson's hairline is also in recession. I'm a decider on that one.
Posted by guest , Dec 01, 2008 6:07PM
Probably above his pay grade.
Posted by KevinB , Dec 01, 2008 9:01PM
@19 - I'm slightly dyslexic; when I first your comment, I thought it was "above his gay parade". Who knows? Could be right either way.
Posted by guest , Dec 01, 2008 9:41PM
Today’s installment from Paulson in summary: Things are really bad, and they will get worse. Whatever we told you our plan to stop the markets from further hemorrhaging was last time, we have since changed our mind. We will let you know when we change our minds again.
http://tinyurl.com/6jldft
In the mean time, the Dow dropped enough to more or less erase the gains realized in trading the last two weeks, posting the third worst point drop in history with the DOW closing down nearly 680 points.
Posted by guest , Dec 02, 2008 11:38AM
"Not Sure"? I thought he was supposed to be the smartest guy in the world.
Posted by paydayloans , Dec 05, 2008 12:15AM
The United States of America’s economy is currently in a shrink which is caused by reduced economic activities. Payday loans certainly didn’t get America into this mess. Apparently, December 2007 is the "official" point where economists mark the beginning of our current recession. The National Bureau of Economic Research (NBER) group identifies peak activity at that point, and the U.S. economy has been declining ever since. NBER defines recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators." The government, academics and the private sector generally consider NBER’s judgment the authority on the matter, so it’s as close to official as possible. The determination is made based upon employment, incomes, industrial output and sales data. Employment and incomes peaked that December, industrial output peaked in January and sales peaked in June. Democrats said this wasn’t surprising and called for an economic stimulus package. According to Senate Majority Leader Harry Reid, D-Nevada, "The announcement simply makes official what we have long known: with rising costs of living, rising unemployment, record foreclosures and depleted savings, we must do more to help families make ends meet." Not ceding to banks’ desire to ban pay day loans would help, too. Reid said a recovery package must create good-paying jobs in the U.S., cut middle class taxes and instill confidence to stabilize the market. Just to show you that this works in cycles, America had experienced expansion from November 2001 to December 2007. That’s 73 months, a long cycle. One expansion lasted 120 months. However, the average expansion since the end of World War II is 57 months. For more info on Payday Loans, click the link.