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Alan Grayson: "Paulson Had A $700 Million Conflict Of Interest" (Ratigan Clip Broadcast Thursday July 16)

"Hank Paulson never should have had that job in the first place. He had a $700 million conflict of interest, and everything that he did while he was Treasury Secretary, every single thing that he did, has one explanation - what's good for Hank Paulson."

If I'm not mistaken, Grayson just bit off Paulson's head and sent it rolling down the sidewalk.

Watch  (video is below)

Alan Grayson on MSNBC with Dylan Ratigan and Eliot Spitzer discussing Paulson and the bailouts. Grayson blasted the above beauty about former Treasury Secretary and former Goldman Sachs CEO Hank Paulson, who made all the rules for TARP, while owning several hundred million in Goldman stock.

Grayson also discusses the Fed's secret trillion dollar bailout, Ron Paul, the importance of transparency, the corruption of Democracy and of our Republic, and the need for an independent audit of the Federal Reserve, HR 1207.

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Reader Comments (9)

Guys like Paulson know what they are and don't make apologies for it. He is cut from the same cloth as Madoff, Bernanke, Geithner, and many others. They just smirk a lot at the ignorant poor masses and check their bank balances, look around at all the stuff they have acquired, bask in the glory of their power and influence, and have a nice thousand dollar meal to feel better at the end of the day. The Paulsons of the world get to where they are on the backs of people who are not as sharp, devious, and connected as them which is the other 99.9% of the world. This is a financial system built with a mafia mentality, they are very organized and none of them have the nickname Frankie the Squealer. It is a tight-knit family or brotherhood of big earners who follow a strict omerta. The entire economic collapse is part of a mafia power play to consolidate wealth and power. In Russia they call it a razborka, a settling of accounts, and we live in a vorovskoi mir (thieves world). Paulson cut his teeth at Goldman Sachs which some have referred to as the Kosher Nostra of crime syndicate families. The Federal Reserve and the powers that be will let Congress do the monkey dance if it helps Congress pass the time and feel better. Obama may talk and act at times like he has a redistributionist obsession as he tries to go after hidden wealth but that will go nowhere.
Jul 19, 2009 at 3:09 PM | Unregistered Commentergobias bluth
Paulson owned several hundred million dollars in Goldman stock while Treasury Secretary? That's news to me. I thought he was forced to sell all his GS stock upon accepting the position, but was given a tax break on the capital gains (since he would not have sold the stock if he weren't appointed).

Best doublecheck this. If the underlying premise is that flawed, the rant doesn't mean much.
Jul 20, 2009 at 2:03 PM | Unregistered CommenterAssassin

I'll double check, too, but I believe it was put into a "blind trust" (sic, double sic).
Jul 20, 2009 at 2:11 PM | Unregistered CommenterJames H
Paulson had to sell the GS stock, but what the "blind trust" invested in remains unclear (to me). Last year, some economist noted that his "blind trust" likely had significant holdings in GS stock. So, Grayson is technically wrong -- as far as we know.
Jul 20, 2009 at 2:23 PM | Unregistered CommenterJames H
Cheney argued that the ends justified the means? I must have missed that.
Jul 23, 2009 at 3:04 PM | Unregistered Commentergobias bluth
I never anticipated the time would come that I must live in fear of The Party and the Thought Police. And it never occurred to me until recently that with every breath I take, someone is out there conjuring new ways to take my money and dehumanize me.

I was naive.

What I want for Big Brother is the same that he wants for me, but if I express that thought too loudly or publicly I would be locked up, or vaporized.

Sanity is a heavy burden in an insane world.
Aug 24, 2009 at 9:55 PM | Unregistered CommenterWinston Smith
All incisive comments, but pathetic, too. And Ratigan and Spitzer and Grayson, et al.
For those of you just "waking up" and fairly comfortable most likely, this is for you.
The Fed Res system is what it is by design and has been appropriating and directing wealth for many decades.

You are all like 12 yr olds who just realized there are bullies or something out there when some f*king joke of a moron kid socked you. Grow up. We engineers and construction workers and the like have had our livelihoods dismantled by this parasitic system for decades. Grow up. In the unfolding drama the truth shall out, the logic evinces itself (but only in retrospect). The pain shall be first. The lesson later. Grow up. As Nassim Taleb prescribes, the pulling out of the financial intestines from the guts of this cancer shall prove exquisitely painful and I earnestly pray those of you most ignorant and blind and uncaring while the above mentioned decades occurred shall feel it most. You have commended it upon yourselves.
Sep 6, 2009 at 12:04 AM | Unregistered CommenterAgathon
In the real estate industry I am seeing more and more foreclosures! The "BAILOUT" money earmarked for mortgage "modifications", in my experience, has not been utilized. I am not a policitally savy person just an average Joe watching this fall down around our ears. How can it take "18-24 months" to give a property owner an answer on their home mortgage, either the interest rate being lowered, a principal reduction in the mortgage or other remedies available to home owners. In the end, most are told there is no help for them and the homes are sold anyway. Is it a coincidence that upon being told by the FEDS that if banks wanted more money this fall, they need to increase their cash flow. Immediately, we in the real estate business saw homes going on the auction block at a staggering rate. Would it not have been better to reset interest rates, forgive some unpaid interest and get the money flowing again than what's happening. If they'd just ask us, we've got some good ideas!
Sep 10, 2009 at 1:31 PM | Unregistered CommenterVPB
Good comments VPB...

Stick around and join our discussions...
Sep 11, 2009 at 12:15 PM | Registered CommenterDailyBail

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