BartBlog

Paulson’s Conflict of Interest 

Wednesday September 24, 2008, 6:11 pm

Paulson holds 500 million in Goldman shares, now Buffet is putting five billion into Goldman.

Why? Because, he has a guarantee from Paulson that Goldman will be supported by taxpayers.

Why did Paul$on’$ firm: Goldman $ach$ survive???
The Long and Short of It at Goldman SachsGoldman Sachs sold hundreds of Billions in subprime/CDO’s and shorted them at the same time.

A new analysis by Goldman Sachs Group, Inc. finds that “Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed.”The degradation of accounting The folly of fair value accounting, which helped to drive up executive bonuses based on illusory values, is increasingly exposed by the US financial crisis. Goldman Sachs now has “assets” for which no market exists valued at twice the firm’s capital. That route leads to insolvency.

http://www.care2.com/news/member/631987138/888814

There is no doubt in my mind, where Paulson´s loyalties lie. He is
pushing for the plan as Bush was pushing for the Iraq war. By using politics of fear the ultimate scare tactics they always use. And in my mind there is no doubt about his loyalties either. He needs a job come January and where would that be for a banker?
The price tag for his plans? Much, much more than $700 Billion.

naked capitalism: On the dishonest sale of the bailout planYes … the Bu$hie$ were sitting on this plan; waiting for the right opportunity ……….. 41 days before ELECTION DAY.