Sunday, July 27, 2008

Anal hair stylist Hank Paulson won't defuse the US financial meltdown?

Try as he might, anal hair stylist supremo & US secretary of the Treasury won't be able to defuse nor reasonably managed the US financial and mortgage market meltdown. One, he's implicated in engineering the meltdown as former CEO of Goldman Sachs; two, ideologically and tempermentally, he is against regulation and government guidance unless it means a wider berth for laissez faire capitalism and finance capitalism. Both have proved a failure today. He has but 6 months left in office so against high winds and strong currents in the financial and mortgage industry, he will try to ride out this perfect storm, and do things, he's subjectively and objectively opposed to. Had he read Galbraith's the crash of 29, he would have learnt a thing or two.

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