Anal hairstylist Paulson's proposals are almost dead on arrival

Wall Street is giving a hearty clap on the back to the anal hairsytlist Hank Paulson, one of their own, who happens also to be the US secretary of the Treasury. Herr Bush's flunky has come up with a barrel of dead fish of proposals on how to square the circle on the subprime scam which has set the Street shaking with a low intensity 4 on the Richter scale of earthquake strength. Hank as he likes to be called is watering more Wall Street's wine by relaxing the minimum of regulations and allowing investment banks to regulate themselves. Now ain't that a joke! The problem is that they have been regulating themselves with one view in mind to maximise profit and get away with fraud, ponzi schemes as in the subprime markets, cheating clients, so on and on. And here the stroker and weaver of bankers anal hairs is letting them to continue doing what they best at doing which is defrauding the rate or taxpayers, being a burden on society, and devil be damned with the consequences. We know what the consequences are but alas have little power to stay Herr Bush's course which is to enrich his class of blood suckers and ravenous pimps of exploiters who will go to any length to further their class interests, be it war for oil in Iran or reviving the cold war in Europe or waging open, brutal class war against Americans.
Had Hank opened the morning's newspaper, he'd have much cause for alarum. UBS is writing off more billions; its CEO has resigned; the 'venerable' house of Lehman is trying to raise us$3bn in new equity at a time when the money is even fleeing equity markets. [Have we another Bear Stearns on our hands?] The fire bells are ringing loud and clear but Herr Bush's flunky Hank blithely goes on offering pie in the sky and paper hats as storm clouds gather announcing bad news for Wall Street and us...let his innards rot forever!