Business to Business information

Education      Industrial      Management
Promotion      Publishing      reports
Web Design      Auctions

Meet Bob

Why McCain lost. It was the LENDING MELT DOWN —not Obamas massive advantage in campaign spending and a sympathetic media— that really hurt McCain in the Elections. LOOK BEHIND THE SCENES. President Bushs Treasury Secretary Henry Paulson worked for a Democratic firm, Goldman Sachs, and has very close ties to Communist China. It was Paulson. Let's grill this bastard. Let's dig in this man's dirty lenen closet. Let's smoke him out. It was Paulson. Henry Paulson convinced Bush to publicly demand hundreds of billions of bailout dollars from Congress.Republican policies were said by the media to have produced this crisis. Bull shit. THIS IS LIE -- but McCain may have contributed to this false impression (that the Repubs were somehow to blame for the lending melt down) because McCain voted FOR the bail out package whereas House conservatives oppossed it. Could this be the "generated crisis" hinted at by Joe Biden? I think so. In trusting Paulson Bush dropped the ball. Bush made a HUGE MISTAKE. Look at the events leading up to this bail out. Bush announced that the Securities and Exchange Commission (SEC) was stepping up its enforcement actions against illegal market manipulation. Then Bush declared that the SEC has launched rigorous enforcement actions to detect fraud and manipulation in the market. The SEC announced a sweeping expansion of its ongoing investigation into possible market manipulation in the securities of certain financial institutions. The SEC declared, Hedge fund managers, broker-dealers, and institutional investors with significant trading activity in financial issuers or positions in credit default swaps will be required, under oath, to disclose those positions to the Commission and provide certain other information. But no details were provided.Yes, there is a China Connection Paulson produced a quick three-page proposal to make himself a virtual financial dictator without judicial oversight or review. Paulson would have the authority to bail out banks in China and other foreign countries. Paulson, in September 2006 said there would be a future "U.S.-China Strategic Economic Dialogue. Paulson has a relationship with Chinese leaders and has traveled to China at least 70 times in his career. He personally had $25 million worth of holdings in a Goldman Sachs fund whose sole asset was a stake in the Industrial & Commercial Bank of China! Goldman Sachs, a full-service global investment banking and securities firm, is the leading underwriter of Chinese equity securities and M&A [merger and acquisition] advisor in China, its website declares.Managing the U.S. relationship with China is an increasingly important part of the Treasury secretarys job, Bloomberg Markets says. During the Fannie and Freddie crisis, Paulson used his credibility with Chinese leaders to reassure them that the U.S. mortgage companies werent in jeopardy. Paulson is quoted as saying that I clearly talked with the Chinese through this. Theyve worked with me enough that they knew I wouldnt say it unless I believed it.Why was this necessary? Back on July 21, 2008, in an article headlined, Trouble at Fannie Mae and Freddie Mac Stirs Concern Abroad, The New York Times noted that China held $376 billion in securities issued by the quasi-governmental agencies, known as Government Sponsored Enterprises. In total, foreign investors held some $1.5 trillion in the housing giants, about one-fifth of their securities. China was the leading foreign investor. On September 7, the U.S. Government, under Paulsons direction, took control of Fannie Mae and Freddie Mac, putting the U.S. taxpayers on the hook for $5 trillion of their mortgages. This constituted, in effect, a bailout of the foreign investors. http://www.aim.org/aim-column/... Socialists Toast Victory over America By Cliff Kincaid November 16, 2008

Channel: People & Blogs
Uploaded: November 30, 1999 at 12:00 am
Author: opchidexio

Length: 09:36
Rating: 4.00
Views: 84

Video Comments