Paulson On The Bailout
September 29, 2008 9:08 AM
Scott Pelley gets rare access to Treasury Secretary Henry Paulson as he deals with the nation's unfolding economic crisis.
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I am very amused that Scott would even discuss this with Roger Altman. Did anyone remember his role in whitewater?? While this administration has been less than stellar, it is not a 2 term problem!!
I am very amused that Scott would even discuss this with Roger Altman. Did anyone remember his role in whitewater?? While this administration has been less than stellar, it is not a 2 term problem!!
I am very amused that Scott would even discuss this with Roger Altman. Did anyone remember his role in whitewater?? While this administration has not excelled, it is not a 2 term problem!!
And this certainly applies to our politicians - Nancy Pelosi, Barney Frank, Chris Dodd. Hello?
Most of the comments here are emotional, meawhile the crisis & bailout are REAL, rooted in lots of detail crossing economics & finance.
To suggest any of us or our politicians with 9% approval know either the problem or potential solutions better than Hank Paulson or Ben Bernake is not just arrogant, it''s lethal.
Listen up people - you too Nancy.
"what happens if the Bailout doesn''t work" did he accept Paulson''s ridiculous answer "IT will."
That''s not an answer.
And why didn''t Scott ask the economic nobel prize winner what his alternatives were for the Bail Out??
What kind of reporting is Scott doing?
This is a crisis of extraordinary proportions and Scott does not follow through on his questions as to alternatives to what to do for our country, for the world.
Diane Wolkstein
Sec. 8. Review.
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
Certainly doesn''t sound like he wants oversight and transparency.
He also states, "We don%u2019t have the regulatory authority or structures in place to protect the American people."
Well it certainly appears like he''s using this crisis
to take advantage of that fact and advantage of the American people. I believe there could be viable alternatives if we wouldn''t feel powerless and overwhelmed in the face of this.
All these financial manipulations under Debt Swaps created nothing but what the media has been coining as AMERICAN GREED. As one lawmaker put it, it is not the chicken came home to roost, but the Vultures.
- by apr53 September 28, 2008 11:12 PM EDT
- My only question is how soon will the Wall Street crooks be in jail? If it was good enough for Martha Stewart who didn''t cost the tax payers a dime..surely the Wall Street Crocks desire jail time.Listening to the emails read on 60 minutes..hoping on getting rich and out before it blows up.. Tax payers need results ... for having to be a part of this coverup.. .
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