{"id":4167,"date":"2009-07-08T22:08:10","date_gmt":"2009-07-09T02:08:10","guid":{"rendered":"http:\/\/www.prosebeforehos.com\/?p=4167"},"modified":"2012-12-26T21:31:46","modified_gmt":"2012-12-27T02:31:46","slug":"matt-taibbi-on-henry-paulson","status":"publish","type":"post","link":"https:\/\/www.prosebeforehos.com\/link-of-the-day\/07\/08\/matt-taibbi-on-henry-paulson\/","title":{"rendered":"Matt Taibbi On Henry Paulson"},"content":{"rendered":"<p>Oh boy, <a href=\"http:\/\/buffalobeast.com\/137\/taibbipaulson.html\">Matt Taibbi makes me feel goooood<\/a>:<\/p>\n<blockquote><p>Can you imagine what a craven, bumlicking ass-goblin you\u2019d have to be to get a job working for the Wall Street Journal, not mention up front that you used to be a Goldman, Sachs managing director, and then write a lengthy article calling your former boss a \u201cnational hero\u201d \u2014 in the middle of a sweeping financial crisis, one in which half the world is in a panic and the unemployment rate just hit a 25-year high? Behavior like this, you usually don\u2019t see it outside prison trusties who spend their evenings shining the guards\u2019 boots. I can\u2019t even think of a political press secretary who would sink that low. Hank Paulson, a hero? Are you fucking kidding us?<\/p>\n<p>&#8230;  Or maybe it was Paulson\u2019s foresight in heading off the crisis before it happened that inspired you? Maybe it was the way Paulson pronounced the subprime fallout \u201ccontained\u201d in 2007 and called the economy the \u201cstrongest in decades?\u201d Or maybe it was the way he remained calm last July, saying that it was a \u201cvery manageable situation\u201d and \u201cour regulators are on top of it?\u201d Remember how he said all that shit, Evan, just about six weeks before the world exploded? Remember that Henry Paulson was actually in charge of regulating the financial environment during the last years of the crisis and did nothing as his buddies on Wall Street built one gigantic mountain of leverage after another, gashing underwriting standards across the board, saddling the country with a generation of toxic assets that all of the rest of us will be paying for in taxes (instead of, for instance, a health care program, which we can now no longer afford) for the next fifty fucking years? Do you remember that part?<\/p>\n<p>Or was it his non-intervention last summer when gas prices hit $4.50 a gallon thanks again to his old buddies at Goldman and Morgan Stanley, who juiced the commodities market with so much speculative cash that oil prices soared despite the fact that supply was up and demand was down all year? Do you remember that part? How about the way food prices soared thanks to the same commodities speculators? According to the World Food Program at the UN, about 100 million people joined the ranks of the hungry last year during the commodities spike.<\/p><\/blockquote>\n<p>Read the whole thing though. Hank Paulson scumbaggy-ness is not competely captured by the above.<\/p>\n<p><strong>See Also:<\/strong> <a href=\"http:\/\/thereformedbroker.com\/2009\/07\/08\/taibbi-v-goldman-redux\/\">Taibbi v Goldman Redux<\/a>, <a href=\"http:\/\/isteve.blogspot.com\/2009\/07\/were-in-deep-state.html\">We&#8217;re in Deep State<\/a>, <a href=\"http:\/\/broadcatching.wordpress.com\/2009\/07\/02\/its-goldman-sachs-party-and-theyll-profit-if-they-want-to\/\">It\u2019s Goldman Sachs\u2019 Party And They\u2019ll Profit If They Want To<\/a>, and <a href=\"http:\/\/www.balloon-juice.com\/?p=23476\">Taibbi vs. Goldman<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oh boy, Matt Taibbi makes me feel goooood: Can you imagine what a craven, bumlicking ass-goblin you\u2019d have to be to get a job working for the Wall Street Journal, not mention up front that you used to be a Goldman, Sachs managing director, and then write a lengthy article calling your former boss a [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[259],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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