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Naked Emperor Paulson: Hey, Gimme the Rest of TARP Dough
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Some of us saw through Hank Paulson before Crap Sandwich passed. On September 24, I warned about the myriad reasons Hank Paulson needed to be contained.

Congress didn’t listen. Neither did many conservatives who blindly trusted the Naked Emperor.

For those who insist no one could see it coming, well, um, you were wrong. Welcome to the land of the seeing.

And now, after asserting he wouldn’t ask for the rest of the TARP dough, Paulson does his usual pirouette:

That was then:

Treasury Secretary Henry Paulson said he doesn’t plan to ask Congress for the rest of the $700 billion Wall Street bailout fund before leaving office next month, but indicated that could change if there is an emergency in financial markets.

“We have a lot of firepower” now,” Paulson told CNBC in a live interview. “We’ve got what we need right now.”

This is now:

Treasury Secretary Henry Paulson urged Congress to release the second half of the $700 billion financial rescue fund after the government exhausted the first $350 billion in less than three months.

(Republished from by permission of author or representative)
• Category: Ideology • Tags: Subprime crisis