Althought Bloomberg has filed a FOIA request to find out where Hank Paulson's two trillion went, I expect that to meet the same fate that the request for Cheney's Energy Task Force records did.
But in the mean time, where did the money go? Where's the two trillion?
It's not being loaned out.
It has not, apparently, made the bank's balance sheets any stronger.
But it hasn't made any other (public) balance sheets stronger either.
Let's remember that world GDP is $42 trillion. So 1/20 of world GDP got dropped, somewhere, without even making a ripple, let alone a splash.
Where did the money go?
To fuel progressive causes?MR SUBLIMINAL Bwa-ha-ha-ha!
Sovreign wealth funds from Saudi Arabia or China?
To the drug cartels?
Swiss bank accounts for the billionaires?
The Bush compound in Paraguay?
Somewhere, someone sat at a computer screen and typed in the numbers that sent two trillion dollars into a black hole. Who? How?
Hank Paulson poured liquidity into a bucket with a hole in the bottom. Now the bucket is dry. But where did the water go? Nobody will say. Nobody will even ask. Why?
Where did the money go?
NOTE Readers.... Where should one look? Not in my mattress, that's for sure.
- lambert's blog
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Did you look in your clogged plumbing pipe?
Might be there.
Seriously, it's a stunner, isn't it? I like your sovereign wealth fund foiliness. To continue with the foiling, do you think the Chinese made the announcement you post earlier signaled their displeasure about not getting their piece? Or, even better foiliness, they are just blowing smoke because they got their chunk of money but are giving Sec. Paulsen cover?
This is fun. Bet I could golf my way all the way to Jimmy Hoffa's hiding place doing this.
Wanna find Jimmy Hoffa? Just look in the Yellow Pages!
Under concrete.....
"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi
Hahahaha
I turned around and told the fab Gf that one. She laughed out loud.
I don't care what people say about you, I think you're funny.
Well, we're agreed then!
Because I don't care what people say about me either!
Thanks, I'll be here all week. Say, I just crawled in here from Gitmo, and boy, are my shackles bloody!
"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi
Doesn't that go...
"I just flew in from Gitmo and boy, are my arms tired! Kidding folks, kidding, I came by airplane and let me tell you, airplane food is airplane food whether your illegally detained or not, you know what I mean? So I was standing with a hood voer my face at the ticket counter and they asked me if anyone had packed my luggage for me and I said---haha---"Luggage? They pulled me out of my parents' house at three in the morning! I was lucky I was wearing underwear!" Security at the airport still takes forever---I couldn't even get through security as my shackles kept setting off the alarms, but when I took off my shoes---haha, I don't have any shoes! But seriously, folks, Cuba is beautful, just beautiful, the way the sun gleams off the razor wire and the teeth of the guard dogs...You should go there. No, really, there are some of you who really, really ought to go there."
And though the riffing is fun (and you did top me)...
... I have to think that the question certainly is one it's hard to keep on topic about...
"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi
I laffed out loud just reading it!
Your guys are on a roll!
(Nice Gitmo riff--but you didn't work in anything about the Homeland Military Units. Of coure, they're still in training....)
Why is there butter on your pants?
You're on a roll...
"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi
The question needs to be repeatedly asked
Where'd the money go?
The failure to communicate to us---we the people---inspires more mistrust and engenders less confidence in the entire financial system. Without our confidence that the system is understansable, fair, and trustworthy, I'll find somewhere else to put my money besides a bank.
Trust is not a marketing term. It's a necessity for banking to work. Good bankers know this and take pride in being trusted by their customers.
So, Mr. Paulsen? Where'd the money go?
Maybe we need to do a campaign.