{"id":407,"date":"2008-11-13T10:25:24","date_gmt":"2008-11-13T15:25:24","guid":{"rendered":"http:\/\/toddsingleton.net\/chronicle\/index.php\/?p=407"},"modified":"2008-11-14T10:14:31","modified_gmt":"2008-11-14T15:14:31","slug":"our-conversation-with-henry-paulson-the-most-dangerous-man-alive","status":"publish","type":"post","link":"https:\/\/toddsingleton.net\/chronicle\/2008\/11\/13\/our-conversation-with-henry-paulson-the-most-dangerous-man-alive\/","title":{"rendered":"Americas conversations with Henry Paulson"},"content":{"rendered":"

\"paulson.jpg\"<\/a>Let’s recap on Americas recent conversations with Henry Paulson regarding the $700+ billion dollars we’ve given him.<\/strong><\/p>\n

(Transcript started September 22, 2008…)<\/em><\/p>\n

America:<\/em> Good morning Henry.<\/p>\n

Paulson: <\/em>The sky is falling.\u00a0 Give me $700 billion dollars immediately or we won’t have an economy tomorrow.<\/p>\n

America:<\/em> Wait, what?<\/p>\n

Paulson:<\/em>\u00a0 Yes, the end is near and unless you give me this money no questions asked it’s over for all of us.<\/p>\n

America: <\/em>This sounds serious.\u00a0 What are you going to do with the money?<\/p>\n

Paulson:<\/em> Buy toxic debts from the banks to help stabilize the banks and keep people in their homes.<\/p>\n

America:<\/em> So you’re doing this for us, not your friends on Wall Street and bankers in Charlotte right?\u00a0 You want to help all Americans?<\/p>\n

Paulson:<\/em> Yes.\u00a0 No more questions.\u00a0 Write the check.<\/p>\n

America:<\/em>\u00a0 Alright Henry.\u00a0 Do right with our money.<\/p>\n

(Jump to 11\/13\/08…)<\/em><\/p>\n

Paulson:<\/em> You remember those toxic assets I was going to buy to help you and the banks?<\/p>\n

America:<\/em> Yes.<\/p>\n

Paulson:<\/em> Forget it.\u00a0 I’m giving it all to the banks.<\/p>\n

America:<\/em> What?\u00a0 Why?<\/p>\n

Paulson:<\/em> Because the situation has changed.<\/p>\n

America:<\/em> In what way?<\/p>\n

Paulson: <\/em>Quit asking questions.\u00a0 The situation changed and I’m adapting.\u00a0 That’s it.\u00a0 And I’m not apologizing.<\/p>\n

America:<\/em> By changed you mean the toxic mortgages were bundled into securities too complex to sort out for government acquisition, as you were warned?<\/p>\n

Paulson:<\/em> No.\u00a0 The situations changed.\u00a0 What did I tell you about the questions?<\/p>\n

America:<\/em> So exactly what are you going to do with our money?<\/p>\n

Paulson: <\/em>Ah, another question.\u00a0 I see you’re paying attention.\u00a0 Like I said, I’m giving it to the banks.<\/p>\n

America:<\/em> Sorry but this is $700 billion we’re talking about.\u00a0 We’re asking questions.\u00a0 Why are you giving it to the banks?<\/p>\n

Paulson:<\/em> So they’ll start lending again.<\/p>\n

America:<\/em> But few of us have any money.\u00a0 We Americans can’t afford to pay the debts we have.\u00a0 Why would we want to borrow more money?<\/p>\n

Paulson:<\/em> Because it creates jobs.<\/p>\n

America:<\/em> So consumers borrowing money they can’t afford to repay creates jobs?<\/p>\n

Paulson:<\/em> Yes.\u00a0 You and you’re incessant questions…<\/p>\n

America:<\/em> Well maybe bank jobs and collections jobs but what about other struggling industries?\u00a0 Like auto?<\/p>\n

Paulson:<\/em> No.\u00a0 Nothing for them.\u00a0 They were mismanaged and need to regroup on their own or fail.<\/p>\n

America:<\/em> By mismanaged you mean like the bank officers who loaned money to people who couldn’t pay it back?\u00a0 Or companies who over sold credit default swaps and could not meet obligations on even the lowest spreads?<\/p>\n

Paulson:<\/em> No.\u00a0 Nothing like that.\u00a0 Enough with your questions.\u00a0 The Federal government is buying shares in these banks and that’s the end of it.\u00a0 We don’t have to answer to you.\u00a0 Haven’t I explained that?<\/p>\n

America:<\/em> Well, isn’t this like starting socialism?<\/p>\n

Paulson:<\/em> No, it’s supporting the free market.\u00a0 Now go away, you’re starting to annoy me.<\/p>\n

America: The land of the free, owned by the banks and their political cronies who are ruining the world in the name of wealthy shareholders everywhere. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Let’s recap on Americas recent conversations with Henry Paulson regarding the $700+ billion dollars we’ve given him. (Transcript started September 22, 2008…) America: Good morning Henry. Paulson: The sky is falling.\u00a0 Give me $700 billion dollars immediately or we won’t have an economy tomorrow. America: Wait, what? Paulson:\u00a0 Yes, the end is near and unless … Continue reading Americas conversations with Henry Paulson<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[],"class_list":["post-407","post","type-post","status-publish","format-standard","hentry","category-money","category-politics"],"_links":{"self":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/posts\/407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/comments?post=407"}],"version-history":[{"count":0,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/posts\/407\/revisions"}],"wp:attachment":[{"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/media?parent=407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/categories?post=407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/toddsingleton.net\/chronicle\/wp-json\/wp\/v2\/tags?post=407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}