Auditors talking Paulson Bailout Blues
Henry Paulson promised to “cover us in TARP”: he insisted on an urgent buyout of Toxic Assets, and an urgent bailout of toxic asset holders.
And then he went and blew your money on a different sort of spending spree that has auditors picking through the debri and wondering “Who was that masked man?” And what the hell just happened?
Who would have guessed? The government takes all the money from your dresser and doles it out to your neighbours, and it turns out it’s both immoral and impractical – just as Jeff Perren and others said it is and would be . Guess he’s earned the right to say "I told you so." (And you can thank him for that nice simile, too.)