No, Adam, you're supposed to be impressed with Paulson because he ran Goldman Sachs and ran it well for 8 years and he knows what the hell he's doing, unlike the imbeciles on Capitol Hill that make up the electoral college--each and every single one of them.
As for bailing out foreign banks, Paulson has a point. If they lend Americans money and hire American employees, they're part of the system. While it certainly makes me uneasy, the question is this:
Who is anyone else to question the CEO of Goldman Sachs on matters of money?
Are they honestly *that arrogant* to think they can do better?
A bunch of noisy idiots do not make for better decisions. Yes, Paulson may be wielding unprecedented power, but we're facing an unprecedented crisis. Also, this "bailout" for his buddies at Goldman Sachs?
Goldman Sachs got subprime RIGHT. They SHORTED MBSs and CDOs. It's just that no financial company, all of which run on fractional reserving and massive leverage is safe from a widespread panic.
What we are facing is a terrible aberration, and the politicians need to shut their mouths and let Paulson do his work.
