Community | February 01, 2009 | 14 comments

Paulson's $140 Billion Surprise

source: http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3189

Vierotchka
ANP: A little-known story about the financial crisis.

During the frenzied events of the fall, Henry Paulson rewrote a piece of the tax code to expedite mergers. The quiet alteration amounts to an estimated $140 billion windfall for big banks. Some critics say Paulson's move was too autocratic, others argue that it was much more than that-that it was downright illegal. Will Tim Geithner and the Democrats attempt to correct the wrong?

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14 comments // Paulson's $140 Billion Surprise // Video

  • WhiteNoise
    • 0
      WhiteNoise  

    • HOW ABOUT A 2 TRILLION SURPRISE !

      Bloomberg, the news service not the mayor, has been attempting to get answers to this since November. They even filed a suit. The response - Go F yourself.

      Garysons's efforts are to be commend for his concern.

      Yet he is missing the main point. The Federal Reserve is privately owned. It is not as many assume a Government entity. It is an enterprise of private bankers.

      And we the American people gave it too them in 1913 through the Federal Reserve Act which was written by the bankers who now own the Federal Reserve.

      Oh they paid nothing for it. No, we gave it too them at no cost. We the American people gave the very wealthy of this world, including foreign bankers our monetary system at their request and free of charge.

      But it's not too late to take it back. We simply have to nationalize our own Federal Reserve System. Return the monetary power to the people of this country where it belongs and let the arrogant rich know they can go back to hell where they belong and where they came from.

      Oh, the elected will say oh no, you can't do that. But we can. We only need the will and the demand that it be done.

      It's long past time that the American people owned their own monetary system. Other wise it is worthless and the value of our dollar and the stability of our economy is at the whim of very rich bankers. And whose interest do you think they are concerned about?

    • 3 years ago
  • carmalite
    • 0
      carmalite  
    • WhiteNoise:

      They are theives. Just thieves. The class war the rich stealing from the ordinary taxpayers. When Bush said he did not want a class war, he did his usual choked laugh, because he knew he did want one and he has found various ways to steal our national wealth.
      The expensive war with NO BID contracts, Secret energy meetings, and bush and pauleson just giving away all our taxpayer money without restrictiions, and of course givient the upper 1 percent a giant tax cut during a borrow and spend unnecessary war.

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  

    • The Feds have been doing what the hell they wanted since 1913...Why would they stop now ?

      "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford

      AMERICA: FREEDOM TO FASCISM
      http://freedocumentaries.org/film.php?id=199

      CRIME PAYS
      http://current.com/items/89775960/crime_pays.htm

      Bailout This !
      The Stabilization of the Financial Sector: The Holy Grail of Economic Salvation
      http://www.globalresearch.ca/index.php?context=va&aid=12053

      "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power of money should be taken away from the banks and restored to the people to whom it properly belongs." - President Thomas Jefferson

      Is the Entire Bailout Strategy Flawed? Let's Rethink This Before It's Too Late
      By Joseph Stiglitz, CNN. Posted February 2, 2009.
      http://www.alternet.org/workplace/124166/

      We gave the banks hundreds of billions to start lending again, and instead they're just hoarding the cash, waiting until things settle down.

      America's recession is moving into its second year, with the situation only worsening.

    • 3 years ago
  • snaganalf
  • carmalite
  • asoltero
    • 0
      asoltero  

    • The biggest robbery is and continuos to be the federal income tax....and I bet someone is gonna say the 16th amendment gives them the right to tax income but in fact it doesn't.

      The supreme court has ruled many times that income tax on wages and salaries can't be taxed only corporation tax. The case "Peck vs. Lowe 1918" and there is no law that requires us Americans to for tax return. That's the biggest robbery and ppl don't even know it.

    • 3 years ago
  • asoltero
    • 0
      asoltero  

    • The biggest robbery is and continuos to be the federal income tax....and I bet someone is gonna say the 16th amendment gives them the right to tax income but in fact it doesn't.

      The supreme court has ruled many times that income tax on wages and salaries can't be taxed only corporation tax. The case "Peck vs. Lowe 1918" and there is no law that requires us Americans to for tax return. That's the biggest robbery and ppl don't even know it.

    • 3 years ago
  • carmalite
  • justright
  • carmalite
    • 0
      carmalite  

    • Thie parasite and Bush did a hurry hurry quick quick again like Bush did with the Iraq war and they stole from the American people again.
      The GD greedy banksters stole with Pauleson and Bush's help..
      Lassiez-Faire and "let business regulate itself" is nothing but a licence to steal, and the pigs stole all they could with Bush and Pauleson's help.,
      Oh and our stupid legislatures who bought Bush's Iraq war bought this package of elephant poop too.

      The future of young Americans is bleak, but China will be doing just fine thanks to the parasites making millions laying off Americans and outsourcing and insourcing too.

    • 3 years ago
  • MRJULZ
  • kennymotown
    • 0
      kennymotown  

    • The biggest bank robbery in history is what I have been saying fro the last 3 months. Of course some will get away with it, they have been screwing us for so long already.

    • 3 years ago
  • Scarabus
    • 0
      Scarabus  
    • Image

    • After noticing Paulson's resemblance to Col. Klink from the sit-com Hogan's Heroes, I used Photoshop to composite them together. It's already posted on my own blog, but I'll repeat it here as a visual comment on Vierotchka's post.

    • 3 years ago
  • pjacobs51
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