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What amazes me is that Paulson is worth $700 billion & I would guess most is invested through Goldman Sachs.
Sep 29 00:29 am
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All Comments by Sharefin »The Fed Has Made the Entire U.S. a Hedge Fund - Get Your Portfolio Ready [View article]
Considering that one of the biggest beneficiaries of the bailout will be Goldman Sachs isn't this a conflict of interest.
If GS collapses then Paulson would loose his 700 million.
So Paulson's bailout is worth 1% of the total sum of the bailout.
No wonder he got down on one knee.....
Since this event has happened on his watch I would suggest that Paulson should donate 95% of his wealth to support the system that he let fail.
The same should apply to all the grossly high fliers of Wall Street & US Politics starting at the top with George Bush.
Considering that the wealthiest people in the US garnered their money through the markets & bubbles then perhaps they are the ones who should dig deep to support the system that makes them wealthy & keeps the lower classes working.
Considering what Paulson stands to loose I consider his involvement a huge conflict of interest & so should the people of America.