lavrov2005

Bernanke Gives Up on Reverse Auction Idea

"The more I hear about Paulson's plan, the more I think we need a new Secretary of the Treasury. I know there is only a few months left, but he can obviously do a tremendous amount of damage in only a few months.

He has misunderstood and underestimated this problem from the beginning. Supposedly he understands the U.S. is a republic -- but he proposes to solve the problem he doesnt understand by naming himself defacto dictator?"

He understood alright. He just wanted to bailout his pals on Wall Street. He cuts AIG to the bone yet he does not want to be so punitive on GS and MS. Why??