Author Archives: nomad943

Gingrich:”Un-American’ Bailout, Paulson Should Have Quit”

snip …. ” Former House Speaker Newt Gingrich, R-Ga., on Sunday described Treasury Secretary Henry Paulson’s request for billions of dollars to buy debt from struggling Wall Street financial firms as “un-American” and said the secretary should have stepped down.

Gingrich even expressed concern with Paulson’s connections to Wall Street.  The treasury secretary served as the chairman of a major…

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The Smoking Gun: Fed Faking Liquidity “crisis”

Just in time to be too late to influence the hurried congressional vote, it appears hard evidence is now emerging that the entire liquidity “crisis” is being manufactured. Add this to the list of 100 economists that advise that doing NOTHING is the only sane course: So how about that trillion dollar “defense” budget that passed yesterday with so little…

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Lobbyists Make Progress on “RESCUE” plan

“On Wednesday morning, Paulson briefed chief executives with the Business Roundtable in a conference call. “Our lobbyists have been getting that message, from leadership on both sides, that industry needs to make the case for this with legislators,” said John Mechem, spokesman for the Mortgage Bankers Association. Business groups that had stayed on the sideline began getting into the game,…

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