Treasury Secretary Henry Paulson may be a congenital liar. His November 12th announcement that the $700B Wall Street bailout would not be used to purchase toxic mortgage debt is only the latest in a long series of lies he’s told to Congress and to the American public. Or…he may be criminally naive moron. “Oh please, Please, PLEASE inject some of this new capital back into economy cause we know you banks can be trusted.” But I tend to think that Paulson is just another self-serving Wall Street whore. The former chairman of Goldman Sachs knows exactly whose cock he’s blowing when he gives away large chunks of bailout cash practically without strings.
In 60 days Paulson will be out of a job, and just whom do we think his next employer will be?