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Paulson's $140 Billion Surprise

It's a little-known story about the financial crisis. During the frenzied events of the fall, Henry Paulson rewrote a piece of the tax code to expedite mergers. The quiet alteration amounts to an estimated $140 billion windfall for big banks. Some critics say Paulson's move was too autocratic, others argue that it was much more than thatâ??that it was downright illegal. Will Tim Geithner and the Democrats attempt to correct the wrong?

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12 Comments

Current View: 15 / Show all Comments

PCGamer91 : LVL 36: VP 4.4: said:

PCGamer91

15 votes NegativePositive

285 days 19 hours ago...

I think politicians should be forced to dress as stereotypical pimps from now on so that people know straight up that they are getting fucked. Lets stop all this playing around and just abolish congress, the senate, and all forms of public communication, because it just doesn`t fucking matter. I mean someone who is obviously on the take just decided to change a law which gave crooks 140 billion dollars and congress is fucking debating whether they should change the law back. Fuck the law wasn`t changed, an asshole just cut that part of the document out and inserted some other shit. If it`s this easy to change laws why has nobody grabbed the Constitution and just used white-out to change "We the People" to "We the Corporations", while they are at it why not cut the first and second amendment, and haebeous(sp?) corpus those things just reduce efficiency and increase labor costs anyway.

dude_from_detroit : LVL 20: VP 2.9: said:

dude_from_detroit

12 votes NegativePositive

284 days 9 hours ago...

I think it`s all a test to see if anyone will stop them, and they wont

nikitomassini : LVL 33: VP 4.2: said:

nikitomassini

-7 votes NegativePositive

282 days 17 hours ago...

BBOOORRIINNGGG!!!

Nose Nuggets : LVL 4: VP 1.3: said:

Nose Nuggets

1 votes NegativePositive

282 days 17 hours ago...

"so why wouldn`t a democratic congress be interested in restoring the tax provision and correcting this wrong?"

"i think you have too many democrats who are sympathetic to the needs of wall street and not sympathetic to the needs of the middle class and the people of this country who are struggling to keep their heads above water. and in the process of bailing out these crooks who made huge sums of money in an absolutely reckless and irresponsible way."

elected from the people, to speak for the people my ass. i have said it before and i will say it again, the vast corruption in our government starts with the lobbyists. the people who are supposed to be steering this nation for the good of the citizenry are people just like everyone else. allowing a system whereby people who want to get laws passes are able to give gifts and money to the people who pass the laws is the most criminal conflict of interest possible.

dmens : LVL 32: VP 4.1: said:

dmens

0 votes NegativePositive

282 days 13 hours ago...

what windfall? private banks actually get to keep their money instead of letting the government steal it? that`s not a windfall, that`s theft prevention.

the biggest crooks are in government. fannie/freddie with their $5 trillion of toxic liabilities make the bankers look like small-time crooks.

base : LVL 37: VP 4.5: said:

base

3 votes NegativePositive

282 days 13 hours ago...

F**K those MOtherf**ckers!!!!

s3r4ph : LVL 40: VP 4.8: said:

s3r4ph

5 votes NegativePositive

282 days 10 hours ago...

^dude just say it!
FUCK THOSE MOTHER FUCKERS
FUCK!!

MANWHORE : LVL 34: VP 4.2: said:

MANWHORE

0 votes NegativePositive

282 days 10 hours ago...

When other Countries do shit like this Americans scream corruption, when Americans do it, its liberty, freedom and Democracy or some other bullshit they make up.

America land of the free, free to fuck everyone else over.

anemis : LVL 38: VP 4.6: said:

anemis

0 votes NegativePositive

282 days ago...

lol my god... when we fraud the goverment ..it,s a crime.. and when politicians fraud the goverment it,s politics.. god just shoot thoses bastards that will calm down their greeds...

Bnine75 : LVL 43: VP 5: said:

Bnine75

0 votes NegativePositive

281 days 13 hours ago...



"Accountability"

Its What we`re Missing here!

zinnamon93 : LVL 1: VP 1: said:

zinnamon93

0 votes NegativePositive

281 days 12 hours ago...

This doesn`t mention the benefits of wells fargo`s purchase of wachovia, and how this will help thousands, if not millions of Americans. This is only one side of the story. Do you realize how many Americans could have lost all their money had wachovia gone under ala lehman? Instead their money was moved to a bigger and safer bank.

djkoz78 : LVL 35: VP 4.3: said:

djkoz78

0 votes NegativePositive

281 days 9 hours ago...

What a fucking corrupted DOUCHE. When I see things like this I`m not particularly a violent person and I don`t wish injury on good people, but when I see things like this I wish that we would be able to get these crooks tie em down and then let every person they`ve screwed over by doing shit like this 2 have just 5 mins alone with em.

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Entry Dates: 9/8/2007-9/14/2009