Hank-Paulson
Hank’s Dirty Boys’ Club
Henry M. Paulson Jr. announced today, from the headquarters of his newly formed “Dirty Boys’ Club” $800 billion in new loans and debt purchases to steer America away from another Great Depression. (Drawing after jump.) Hank hopes that this latest infusion of federal funds and guarantees will help thaw out credit markets, which in turn, [...]
Treasury Department Needs P.R. Help Now!
The U.S. Treasury should hire a competent public relations firm and send Neel Kashkari, the department’s rude, abrasive Bailout Czar to charm school. According to the NY Post, America’s newest czar gave a Putin-like performance during a brief question and answer session after he delivered the keynote speech at a Midtown Manhattan conference packed with [...]
Hank to the Rescue
Treasury Secretary Hank Paulson mounted his white stallion
named “Sucker” and rode to the rescue of central banks from
Berlin to Beijing on Sunday morning by placing US mortgage
giants Fannie Mae and Freddie Mac under direct government
control. The implied government guarantee of their debt has
now been made quite explicit. This means that shareholders
will be practically wiped [...]
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