Comments on: Hank Paulson, Criminal? http://www.businesspundit.com/hank-paulson-criminal/ Entrepreneurship, Startup Companies and Business Philosophy Thu, 18 Mar 2010 15:12:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ted Murphy http://www.businesspundit.com/hank-paulson-criminal/comment-page-1/#comment-11300 Ted Murphy Sat, 13 Dec 2008 15:42:26 +0000 http://www.businesspundit.com/?p=6853#comment-11300 > But it didn’t address the underlying reasons for the loss of confidence. Wrong, the loss of confidence was between financial market counterparties. The loans directly addressed that loss of confidence. > he did it in a way that not only cheated America’s taxpayers We don't even know if these loans are good investments. There are smart guys on both side of the aisle that think the US Govt will come out ahead on the trillions they put at risk. Cheating has nothing to do with it. > I’m starting to think there’s an indictable offense nestled somewhere in Paulson’s behavior. There could be, that is true, but it will most likely be found in the question "Why AIG but not Lehman?" Bloomberg has asked for the details of money loaned to AIG that was used to bail out the counterparties. If Goldman received $xx billion dollars, Paulson could have a problem. And of course they did. > But it didn’t address the underlying reasons for the loss of confidence.

Wrong, the loss of confidence was between financial market counterparties. The loans directly addressed that loss of confidence.

> he did it in a way that not only cheated America’s taxpayers

We don’t even know if these loans are good investments. There are smart guys on both side of the aisle that think the US Govt will come out ahead on the trillions they put at risk. Cheating has nothing to do with it.

> I’m starting to think there’s an indictable offense nestled somewhere in Paulson’s behavior.

There could be, that is true, but it will most likely be found in the question “Why AIG but not Lehman?” Bloomberg has asked for the details of money loaned to AIG that was used to bail out the counterparties. If Goldman received $xx billion dollars, Paulson could have a problem. And of course they did.

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