Hank Paulson: Portrait of a financial terrorist

During Paulson’s first 15 months as the treasury secretary and chief presidential economic adviser, Goldman unloaded more than $30 billion in dicey residential mortgage securities to pension funds, foreign banks and other investors and became the only major Wall Street firm to dramatically cut its losses and exit the housing market safely. Goldman also racked up billions of dollars in profits by secretly betting on a downturn in home mortgage securities. More

37 comments on “Hank Paulson: Portrait of a financial terrorist
  1. Marc Authier says:

    United Slobs of America. You deserve USSA indeed all the hatred in the world when I think about that CIA Gollman Sachs demonic bald blood sucking leach.

  2. Marc Authier says:

    Remember that Paulson gave himself personnally ! 200 million of the TARP money !

  3. jischinger says:

    d00ds
    http://financialterrorists.wordpress.com/scoundrels
    help fill in some of the holes or add suggestions
    help educate support

  4. Nicholas Nicola says:

    check out USA national secrets…

  5. Nicholas Nicola says:

    lol…wont be there long…

  6. Nicholas Nicola says:

    so as I said…when the USA stops using nuclear weapons…I might actually care about climate change…until then…Iv just got back from 1.6hrs of helicopter flying…!?

  7. Nicholas Nicola says:

    hi all btw!

  8. jischinger says:

    Following the money in banking, economics and Washington
    Watchdog flags Treasury for toxic asset ‘confusion’

    A Treasury program to take toxic assets off bank balance sheets was plagued by inconsistency, a government watchdog said.

    http://finance.fortune.cnn.com/2010/10/07/watchdog-flags-treasury-for-toxic-asset-confusion/?section=magazines_fortune

  9. Marc Authier says:

    All USA is a toxic waste, not just the FED or the treasury. The whole place is toxic. It smells exactly like USSR.

  10. FranSix says:

    Max, this article is full of shit unless it recognizes the inverted yield curve at the time.

    Low interest rates are a legacy of the inverted yield curve prior to the blow out, and remains to this day as a massive demand for short term money. But nobody could have estimated that the BKX peaked in Feb. 2007, unless you were somebody like Armstrong. The Pi-cycle date peak was Feb 27, 2007. But the bull market frenzy was patently insane at the time. (just like it is in the corporate bond sector now)

    To arrange to sell all of the risk in the housing markets prior to this would literally be taking a bet on predicting the future, because nobody has all seeing all knowing knowledge about just who is overleveraged. You merely look at the overbought condition of the CDO and buy all of the swaps. You look at the inverted yield curve and you make an educated guess. People would have been eager to sell you their swaps, though in hindsight they should have held onto them.

    To say that Paulson had the ability to control the markets afterwards is just absolute absurd nonsense. But, just like Kerviel who went into the programming and changed the algo to suit his deals, this may have gone on without notice. THAT will be where the problems are.

  11. rawnrawn. says:

    up down move it around. getting dizzy round hair. 🙂

  12. Budget-Bonus Goldman SEC-Fed Crime

  13. Marc Authier’s
    “All USA is a toxic waste, not just the FED or the treasury. The whole place is toxic. It smells exactly like USSR.”

    DUG & AGREED
    http://pollutico.com

  14. Daruka says:

    @Marc Authier

    All roads lead to Israel, and the Zionazi cockroaches that are pushing the USA into WWIII. for them.

    If the USA was smart they would unload a few nukes on Tel Aviv./

  15. Marc Authier says:

    Our Québec pension plan lost 14 billion in its USA adventure. Bankster acceptances all insured to bee triple A rated by godamn Warren Vomit Buffett Moody’s. Hitler comes to mind indeed when it comes to Paulson. It would see the bugger in a perfect role as Waffen SS. Goldman SS-achs CIA manure.

  16. Geek Boy says:

    Gold: Attention Deficit Disorders (ADD)
    http://www.financialsense.com/contributors/john-ing/gold-attention-deficit-disorders-add

    At the end of the day, it is not even important whether we opt for austerity, tax cuts or throw more stimulus money at the problem. The reality is that we are mired in a debt based monetary system.

  17. Dan says:

    So if 98% of all mortgage obligations cannot be collected on and all mortgage obligations make up the current value of US property, does that not mean that property is now essentially valued at zero?

  18. Marc Authier says:

    @Dan
    INDEED. ZEEEEEEEEERRRRRRRRROOOOOOOO !

  19. Wolferl says:

    Funny vid. Maybe you can get Bruno Gans to syncronize the text.

  20. Marc Authier says:

    Paulson inspecting the USA troops.

    http://www.youtube.com/watch?v=dlvJvuVrtoA

  21. jimmy chen says:

    Eine Schuessel Nudeln würde den Führer glücklich machen. Jimmy unterstützt weder die politischen Ansichten des Führers noch seiner Partei. Nudeln sind gut fuer alle.

  22. Youri Carma says:

    Yeah , Epic Uncle Hitler – Another Bad Day in the Bunker LOL

  23. Marc Authier says:

    http://www.youtube.com/watch?v=R37H38bMVec&feature=related

    A part from the iroquois hair cut very ressembling.

  24. Youri Carma says:

    The White House said Thursday it is sending the bill back to Congress for revisions, and that the administration would work with lawmakers on it.

    Obama sends foreclosure docs bill back to Congress http://news.yahoo.com/s/ap/20101007/ap_on_bi_ge/us_obama_foreclosures

  25. FranSix says:

    If you want an idea of how completely obtuse the concerns are about sovereign debt, then you just read this article. The risks are all in the corporate sector, and yet they are the beneficiaries of QE. So dealers in junk credit, meaning companies in need of credit, are benefitting when the should otherwise go bankrupt.

    “Bizarrely, the lower down the credit spectrum you are, the better the picture in terms of insulation to sovereign debt concerns” because “such companies would never have been bailed out by a government,” said Mahesh Bhimalingam, head of European fundamental credit strategy in London at Deutsche Bank AG, Germany’s biggest lender. “High-yield companies have actually benefitted in terms of demand from the sovereign debt crisis as they are insulated from their countries’ deficits.”

    http://www.bloomberg.com/news/2010-10-10/europe-junk-yields-are-lowest-since-before-fiscal-crisis-credit-markets.html

  26. Paolo says:

    Yep Max, dont let go of this scumbag, he needs to be hounded until we get him where he belongs, on the bunk below Madoff in a rather small room.

  27. Tom says:

    @ Y’all

    The dude who made this video is an effing colostomy bag (even though MEP gave me permission to use D-B). “Capitalism punishes the consistently reckless”, I imagine him speaking in the “Long Island lockjaw” style of Thurston Howell III. It routinely reams, eviscerates and buries the “consistently powerless”, people who will never learn the word “hubris”, much less enjoy any. But Mr. “Private Equity Pro Wanker” failed to notice on the way to the Hamptons (unless he’s just a poser). I got other attitude like this off Zero, maybe now call it ZC – Zero Compasion. Some of the smug assholes there don’t seem to know ordinary folks. I know people who I have more respect for than I have for myself, who saw rising incomes, big paychecks (for them), bought in high and had the rug jerked out. They believed. Like they believed all the other BS. Marc A may be right about my countrymen, but sometimes I feel pissed, like the effin’ dumbass pepsis in Quebec got a handle on anything bigger than their own weenies. Say it ain’t so Marc, were all chickens in a big coop being fed our own shit!

  28. Gough Whitlam says:

    http://www.youtube.com/watch?v=_Fr6khzOskI

    http://www.youtube.com/watch?v=_JXPIBsxdk0

    Never have seen such arrogance in my all my life!!!!!!!!!
    Americans DESERVE THEIR OWN SELF-FULLFILLING PROPHECY BULLSHIT!!!!!!!!
    THE WHOLE WORLD IS AGAINST AMERICA!!!!!!!!!
    Amazing to see such propaganda Hitler would be weeping of jealousy what MURDOCH has been able to achieve through his MEDIA EMPIRE!!!!!!!!
    SUCKED IN YOU BUNCH REDNECK RACIST GOD LOVING ONE BOOK EXPLAINS THE WORLD LOSERS!!!!!!!!!!!
    WHERE WAS THE PROTESTING OVER THE PAST 10 YEARS TOUGH BEHIND A COMPUTER YOU KNOW IT ALL *************
    PEOPLE MADE MILLIONS PLAYING SINK THE AMERICAN BANK!!!!!!!!
    REAGONOMICS IS FINISHED FOREVER PRINTING MONEY ONLY WORKS FOR HOW LONG MAX???????
    START ANOTHER WAR YOU ****. AS WELL CALL THE YANKS SEPTIC TANKS AS EVERYTHING THEY DO AND SAY SPEWS SHI*

  29. Gough Whitlam says:

    Ah who could of seen this coming?????

    Well just say the LEFT IN AUSTRALIA MADE MILLIONS AND MILLIONS!!!!!
    EAST TIMOR MADE $17 BILLION PLAYING SINK THE AMERICA BANK OR ON OIL PRICES!!!!!!

    LETS SEE THESE PRICKS CONTINUE TO BULLSHIT TO THE WORLD!!!!!!!

    How funny it is to see a group of people claim that THEY changed the course of politics. If these *********** didn’t own the INTERNET I might be able to place a few links on this page as well.

  30. rene says:

    Hidden message @ 2:50min

  31. Gumby says:

    … and just wait until the he learns that those private text messages and crotch shots of his are now posted on his Facebook page…

  32. Bonn says:

    Too funny LOL
    ROFL
    Hic 😉

  33. Zach OBrien says:

    This parody is funny, but it scapegoats lenders and makes Federal Government seem like valiant thorn-in-the-side of the “true evil.”