Anal hair stylist supremo and US secretary of the Treasury Hank Paulson likes his Sunday night surprises. In March along with bathroom attendant and US Fed Chief Ben Bernanke and his acoylates and the NY Fed, he rescued Bear Stearns whilst forcing it to fall on JPMorgan Chase's knife. Now, he has ridden to the 'rescue' of Fannie Mae and Freddie Mac, two public corporations run on private lines. Well, he couldn't do anything else but that: pumping in ratepayers funds to save the two entities from themselves after years of corruption, mismanagement, and unregulated sugar plum pas de deux in the ballooning new debt market. Despite their being quoted on the New York stock exchange, 18Brumaire repeats, they're public corporation, and so willy nilly the anal hair stylist was forced to intervene on their behalf and on the ratepayers' bill.
A week ago, this specialist in anal hairs kept telling everyone he could collar, oh, Fannie and Freddie are doing fine. What was obvious, the dolt did want to regulate. The failure of IndyMac forced his hand. IndyMac is the bellweather of what's wrong with financial and mortgage markets, as if this is a revelation for all but the deaf, dumb, and blind in the financial sectors who played gaily and with Herr Bush's malign neglect in regulating the markets, with CDO's, SUV's, ABS' and other fancy financial instruments for quick profits at the poor's expense, whilst playing to the pipedream of every American to own his own house which Herr Bush blithely encouraged. Arse hole Paulson disdains regulated markets unless they benefit his class of bloodsuckers at the public's trough. Nonetheless the market has turned on him and his wretched kind, and so like it or not, he's being forced to nationalise IndyMac, soon to be joined by other regional banks, and to begin regulating markets albeit dragging his satisfied big arse. And before 18Brumaire forgets, let's say this LOUD & CLEAR, Fannie Mae and Freddie Mac are not responsible for the subprime Ponzi scheme meltdown. They didn't dabble in trick financial instruments mentioned above. But anal hair sytlist supremo did as CEO of Goldman Sachs, before he made the sacrifice of accepting Herr Bush's offer to head Treasury. A reason that he ain't too willing to follow the money is that it would lead right back to him and his banker friends who deserves a long term in gaol. No doubt about that! There is no reason to pity Paulson; he's getting the swift kick in the arse but alas so are the US public who allow elected officials to be bought off by the likes of Paulson & his rotten kind.
Monday, July 14, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment