Bailout Zen: One Goldman Sachs Hand Washes the Other Goldman Sachs hand

lambert's picture

Stoller:

Dean Baker [WKJM]:

According to the NYT, Lloyd C. Blankfein, Goldman Sachs CEO, was in the room with Henry Paulson (former CEO of Goldman) when the decision to save AIG was made. Why does this matter? According to the NYT, AIG owed Goldman $20 billion. If AIG had been allowed to go bankrupt, Goldman would be in line with all the other creditors, hoping for a few dimes back on each dollar of debt. Because Henry Paulson decided to rescue AIG, Goldman gets paid in full.

So, I don't get it. Conflict of interest? Feh. I just see patriots getting together with Main Street uppermost on their minds. Why is everybody so darn cynical all of a sudden?

You know, as long as we're talking Zen bailout, maybe it's time for some haikus! Readers?

Big shit pile hits fan
Harry Barney Barry Nance
turn Republican

Or, as Stoller writes:

For what they've tried to do here, Barney Frank and Nancy Pelosi should be moved into the 'moderate Republican' column. I've long thought that Pelosi got a bad rap, that she was just managing a Blue Dog dominant caucus. But this, plus Barney Frank's utter contempt for the voters, for common sense, and for a completely corrupt Wall Street bailout, changes my mind.

Big shit pile shovelled
by the President we have
Like AUMF

Or, as Stoller writes:

How many times do we have to go through this? There IS NO PONY PLAN. It's either the plan on the table or the election. There is no alternative. You can't vote for your own particular bailout, it's a yes/no on this one.

In 2002, you couldn't vote for a specific type of war, you had to vote to let George Bush run his own war. That's the choice on the table, my friends.

No no no no no
no no no no no no no
no no no hell no

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