RATIGAN EXPLAINS HOW PAULSON CREATED THE CRISIS
Watch the first two minutes of this clip.
Former Goldman Sachs CEO, Bush Treasury Secretary, and China-supporting globalist Henry Paulson announced yesterday that he is endorsing Hillary Clinton over Trump, further proof that globalism is more important than party affiliation among the elite.
HOW PAULSON HELPED CREATE THE CRISIS
Until 2004 U.S. investment banks had a leverage limit of 12:1. After Paulson led the multi-year effort to sway the SEC to drop the restriction, all five banks became insolvent within four years. He helped to pass the rule change that led to this crisis, then he led the effort to solve it by giving $700 billion to failed banks including his former employer Goldman Sachs, from whom he received $700 million tax-free when he headed to Washington.
"Trust us, we know what we are doing. It is imperative that you grant us an exemption to the leverage limits so that we can compete on an equal basis with European banks, otherwise the US banking industry could be wiped out.
Trust us, we know what we are doing. It is imperative that you grant us $700 billion with no oversight and no questions otherwise, the US banking system will be wiped out and your ATM cards will not work."