Wednesday, July 23, 2008

Anal hair stylist Hank Paulson benign neglect fails

Well, oh, well, anal hair style supremo & US secretary of the Treasury is sweating to get the reeling mortgage market into line. After Herr Bush's long neglect of government regulating the hanky panky mortgage and investment bankers in the subprime Ponzi scheme meltdown, the wary eye of the US hand alas sees once again that the anal hair stylist has his work cut out for him. Today's Financial Times of London puts the bailout for Freddie Mac and Fannie Mae at us$35bn. [23 July 2008] We know who's going to cough up the lolly! The US rate or taxpayer. Once again 18Brumaire sees proof positive in the old saw that the US leaders prefer to pay the weights and chains of a pound of cure whilst sneering at the light ounce of prevention. Paulson will escape much damage or a long term in prison for his role in creating and hoodwinking not only fellow bankers but the taxpayer in designing and refining subprime mortgage. He's going to keep his hundreds of millions stashed away in executive compensation, but not the poor man on the street who will bear the burden of Paulson et al.'s folly. His co conspirator Ben Bernanke is going to recommend a hike in the prime interest rate, to curve inflation. But it fuel the bloody monster...he prefers to sacrifice growth to keeping his class of blood suckers, Bush incompetents,f and the robbing rich classes to feed off the poor's misery. And 18Brumaire keeps banging pots & pans about what the hell are this two arseholes doing about the US$? Do they care? Seemingly not, since they're marking time till Herr Bush retires ignomiously to his Potemkin ranch in Crawford, Texas.

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