Tuesday, September 23, 2008

Max: Hank Paulson Is A Fucking Liar

From his testimony before the Senate Banking Committee:

We have proposed a program to remove troubled assets from the system. This troubled asset relief program has to be properly designed for immediate implementation and be sufficiently large to have maximum impact and restore market confidence. It must also protect the taxpayer to the maximum extent possible, and include provisions that ensure transparency and oversight while also ensuring the program can be implemented quickly and run effectively.(emphasis added)


From the bull, er, bill he wants passed:

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.


Boiled down, Secretary Paulson wants the American people to give him 1 trillion dollars to do with as he pleases.

No wonder he seems in such a hurry to ram his proposal through:

However, the development of a comprehensive proposal for reform would require careful and extensive analysis that would be difficult to compress into a short legislative timeframe now available.


In other words, hurry the fuck up and give me some money so I can make sure my friends don't lose their mansions.

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