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The Secretary’s New ClothesPosted on Mar 31, 2008Treasury Secretary Henry Paulson has announced what the media are calling a “massive overhaul” of America’s regulatory agencies, but columnist and liberal economist Paul Krugman isn’t impressed. Krugman doesn’t think the administration’s cosmetic solutions will mitigate our current economic crisis or prevent the next one.
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By Bob, April 1 at 2:31 pm # Power GrabThis is another power grab by the world banks. Pretty soon they will have bank-rupted us all, and they WILL take all our land. Bush is just helping them to do that.
By don knutsen, April 1 at 10:01 am # As is the usual case, this administration’s only plan is to increase the power of the very institution that sat on its hands while all the predatory lending practices were practiced by the lending institutions / banks. There answer is to make higher profits avail. to them rather then regulate them. This same administration which stood in the way of the states trying to get a handle on these practices in the past. But ofcourse there is no accountability on this or anything else this administration does. The Bush family has a history with the central bank, grandaddy Prescott got in hot water over half a century ago. You have only to look at the past century to see the Bu$h family connections to simllar crooked dealings with the american’s dollar and their reaping the rewards. I’d imagine Grandad would be proud at the extent to which this currrent president has dismantled every agency that might have helped prevent this economic hardship for so many. But after-all, this is only happening to the “little-people”, not their base. And none of the Bu$h dynasty has ever had to experience any kind of hardship like whats facing so many these days, they couldn’t care less.
By DennisD, March 31 at 1:47 pm # Perception is reality“it’s all about creating the appearance of responding to the current crisis, without actually doing anything substantive.” Perception is reality and there’s no such thing as responsibility at Bu$h Inc. - the happiest place on earth. Add Your Comment |
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