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September 23, 2008 8:16 PM

Katie Couric's Notebook: Paulson

Posted by Katie Couric
His nickname on the op-ed pages is King Henry. Treasury Secretary Henry Paulson is responding to some desperate financial times, with some pretty desperate measures.

He was on Capitol Hill trying to convince Congress to spend $700 billion to buy up bad debt. Not just mortgages, but virtually any kind of debt - from credit cards to car loans. I was tempted to throw my American Express card bill into the mix. Who would know?

Secretary Paulson's proposal would give him broad power to decide which assets to buy and how much to pay. There's even a provision in the plan calling some of his decisions non-reviewable.

Our nation has prospered for more than two centuries with a system of checks and balances. While some type of bailout plan may be necessary, Congress needs to be careful it doesn't fix this financial mess by giving the king the keys to the castle.
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Katie Couric's Notebook

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Add a Comment See all 17 Comments
by ctmaple September 26, 2008 8:40 PM EDT
Why isn''t someone asking the question about all the billions of dollars that leave our country every day in foreign aid, the Iraq war, etc. Should we not pull in the pursestrings until we have our own house in order, put America first for a change. Then when we are stable, go back and review the needs of Africa, the "TB problem in Tibet". etc. We must stop the hemorrhage first before we can successly resusciate the patient.
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by tapper48 September 26, 2008 3:16 AM EDT
I couldn''t agree more with a previous question...when is her contract up??? Her smug tone and trying to get a "gotcha" moment shows her bias...big surprise there. Poor Joe just can''t seem to get it right.
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by tapper48 September 26, 2008 2:56 AM EDT
I couldn''t agree more with a previous question...when is her contract up??? Her smug tone and trying to get a "gotcha" moment shows her bias...big surprise there. Poor Joe just can''t seem to get it right.
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by tapper48 September 26, 2008 2:55 AM EDT
I couldn''t agree more with a previous question...when is her contract up??? Her smug tone and trying to get a "gotcha" moment shows her bias...big surprise there. Poor Joe just can''t seem to get it right.
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by chgo_lawyer September 25, 2008 6:58 PM EDT
Bravo Ms. Couric: You did a good job of not letting Governor Palin off the hook for her not answering direct questions. Since my mom was a single, mother-hockey mom, I have a huge bias for hockey moms everywhere, but that does not mean I want them to be the Vice President when they are not intellectually qualified to hold such a high office. Regardless of our political views, we should not let Gov. Palin or Senator Biden off the hook for answering failing to give direct (and meaningful) answers to simple direct questions on the ISSUES that matter: "It''s the economy, stupid"...not lipstick or pigs or irrelevant rhetoric. To those of you on this blog who are personally attacking Ms. Couric, please think back to 2nd grade and honestly answer this question: Would any of your teachers or your parents have put up with your failure to answer simple, direct questions? The answer is: no. No for Democrats and no for Republicans.
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by September 25, 2008 1:33 PM EDT
A sit down with Joe Biden explaining how Teddy Roosevelt went on TV during the great depression and then grills Sarah Palin. She should stick to colonoscopies because she is a horrible journalist.
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by September 25, 2008 1:32 PM EDT
A sit down with Joe Biden explaining how Teddy Roosevelt went on TV during the great depression and then grills Sarah Palin. She should stick to colonoscopies because she is a horrible journalist.
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by September 25, 2008 1:31 PM EDT
A sit down with Joe Biden explaining how Teddy Roosevelt went on TV during the great depression and then grills Sarah Palin. She should stick to colonoscopies because she is a horrible journalist.
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by September 25, 2008 1:28 PM EDT
What a journalist.... sits down smiling while Joe Biden talks about Teddy Roosevelt on TV during the Great Depression and then grills Sarah Palin. When is her contract up?
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by amaram5900 September 24, 2008 11:31 PM EDT
On the subject to the banks, have you all watched the DVDs titled the Money Masters? It explains how the Federal Reserve is not a federal institution and there is no reserve. It explains why and how everything that is happening with the economy is happening. Why is no one talking about the monetary reform act that never got to be voted on and why.
Why would our country pay a bank to make our money and then pay interest on it instead on making it ourselves interest free?
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by amaram5900 September 24, 2008 11:27 PM EDT
Is Ralph Nadre and others going to be allowed to debate? If not we will only hear what the McCain and Obama campaings want us to hear. Why would Nadar and the othe rnot be allowed to debate?
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by brixebj September 24, 2008 10:05 PM EDT
Katie Couric,
I just watched your biased interview with Sarah Palin. Why were you so condescending? Why did you hammer her on specifics that you have never done with a democrat? Would you have ever asked these questions of Joe Biden? Never? Joe Biden doesn''t know what president was in office during the depression. You have demonstrated abaolutely no credentials as an independent news journalist. You have lost both my wife and me as viewers.
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by cheri920 September 24, 2008 9:25 PM EDT
Sorry for type o''s first post, was very upset, here is an updated corrected version:

Just plan tired of every channel pushing Palin/McCain down our throats, the Woman that took what is it 6 years to complete College, the woman that will take away the women%u2019s rights to choose, the woman that ET says every woman wants to be like! Well not me, I wish her well in life but she isn%u2019t prepared to run the country if God forbid McCain can not, PEOPLE WAKE UP!!! Also...what is McCain afraid of this week....mmmm could he be chicken to debate? What he can%u2019t muli task? This is just in my opinion, but I just want everyone to read between the lines and pray for our Country and not jump into voting for people that may not have our best interest at heart! I am really shocked on how the media seems to be one sided! As for the News PLEASE GIVE US A BREAK, I AM TIRED OF HEARING ABOUT PALIN AND WHAT SHE IS WEARING AND HER GLASSES IT IS NOT A FASHION SHOW! PLEASE GIVE ME AND EVERYONE I KNOW A BREAK! Just because someone may look nice or dress nicely doesn%u2019t mean they can do the job! God Bless us all!
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by cheri920 September 24, 2008 9:09 PM EDT
Just plan tired of every channel pushing Palin/McCain down our throats, the Woman that took what is it 6 years to complete College, the woman that will take away the women''s rights to choose, the woman that ET says every woman wants to be like! Well not me, I wish her well in life but she isn''t prepared to run the country if God forbid McCain can not, PEOPLE WAKE UP!!! Also...what is McCain afraid of this week....mmmm could he be chicken to debate? What he can''t mulit task? This is just in my opinion, but I just want everyone to read between the lines and pray for our Country and not jump into voting for people that may not have our best interest at heart! I am realy shocked on how the media seems to be one sided! As for the News PLEASE GIVE US A BREAK, I AM TIRED OF HEARING ABOUT PALIN AND WHAT SHE IS WEARING AND HER GLASSES IT IS NOT A FASHION SHOW! PLEASE GIVE ME AND EVERYONE I KNOW A BREAK! Just because someone may look nice or dress nicely doesn''t mean they can do the job! God Bless us all!
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by scanme-2009 September 24, 2008 11:51 AM EDT
What really bothers me about the bailout is who we''re looking to for answers. These are the same people who gave us Iraq, Katrina and so many other failed ideas.
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by dothisstory September 24, 2008 3:42 AM EDT

When the pa insurance department said this
on may 7th
PENNSYLVANI INSURANCE DEPARTMENT FINES CONSECO UNDER PENNSYLVANIA-LED, MULTI-STATE AGREEMENT
Market Conduct Examination Finds Serious Violations in Long-Term Care Insurance Market



HARRISBURG %u2013 Acting Insurance Commissioner Joel Ario today announced a 40-state settlement with Conseco Inc., which was necessary due to a pattern of consumer harm in the company%u2019s long-term care insurance business.



Shouldn''t you question why they are rushing to put 144,000 policyholders into a trust with conseco?
Listen to Frank N. Darras discuss the dangers of this trust
http://www.voiceamerica.com/tomwoodruff.html

SAVEMYLTC.com is telling you, because Conseco is NOT OBLIGATED to tell you
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by petersemkiw September 24, 2008 3:17 AM EDT
If the King gets the Keys to the Castle, "There''s a Bridge in Brooklyn I''d Like to Sell Ya!"

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