Left In Lowell

Member of the reality-based community of progressive Massachusetts blogs

September 24, 2008

Paulson: Bail Out My Buds, Then Talk Oversight

by at 10:17 am.

Keep reminding yourself that SecTreas Paulson is, himself, a giant of industry, formerly of Goldman Sachs, a company that would directly (and highly) benefit from Paulson’s proposed bailout (despite the fact that this company is in less trouble than others).

So, Paulson tells Congress, bail out my friends no strings attached, and sometime in the future, think about oversight, which is the privilege of Congress. You know, long after we have any ability to hold the current bunch of crooks accountable..as they’ll have happily jumped off this crashing plane via sweet, cushy, well-stocked golden parachutes.

Nice. (If you haven’t called Niki Tsongas to tell her to vote against any bailout that gives Paulson even remotely anything he wants, you should do so ASAP. Call our Senators too, while you’re at it.)

4 Responses to “Paulson: Bail Out My Buds, Then Talk Oversight”

  1. waittilnextyr Says:

    Maybe we sure turn this:
    Carly may get $42 million

    Severance of $21.4M excludes another $21M in options, restricted stock and pension: report.
    February 12, 2005: 4:16 PM EST

    Carly Fiorina, forced out as CEO of Hewlett-Packard this week.

    NEW YORK (CNN/Money) - Ex-Hewlett-Packard CEO Carly Fiorina will get a severance package worth about $21.4 million, but stands to reap another $21 million after she was forced out by the computer maker’s board last week, a newspaper reported Saturday.

    Into this:
    “Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi. Lalit Kishore Choudhary, 47, the head of the Indian operations of Graziano Transmissioni, an Italian-headquartered manufacturer of car parts, died of severe head wounds on Monday afternoon after being attacked by scores of laid-off employees, police said. The incident, in Greater Noida, just outside the Indian capital, followed a long-running dispute between the factory’s management and workers who had demanded better pay and permanent contracts.”

  2. Fran McDougall Says:

    McCain is closing down his campaign and returning to DC to work on the bail-out. Does this mean he doesn’t have to debate Obama on Friday or is that part of the campaign still on?

  3. Prince Charming Says:

    Suspend campaign = We’re out of ad money. Postpone debate = We’re not ready.

  4. Fran McDougall Says:

    Prince you are a charmer!

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