The Assassinated Press
Paulson derides calls for added help in bailout scheme
By FARTIN CROTCHSNIFFER
Special to the Assassinated Press
WASHINGTON - Treasury Secretary Henry Paulson said Sunday that the nation's ponzi markets remain hungry and Congress must move quickly to pass a $700 billion handout for financial predators. But key Democrats said the legislation needs the appearance that the government will provide better protections for taxpayers and homeowners in danger of losing their homes.
"The ponzi markets are still very hungry right now and salivating," Paulson said in an interview on NBC's Meet the Press. "They told us to deal with this and deal with it quickly, and that’s what we’re doing."
Paulson made the rounds of the television talk shows to stress the need for speed in getting the handout scam approved. The administration spent the weekend negotiating the details of the proposal with members of Congress with the expectation that it can be passed in the next week.
Paulson said that "it pleases me tremendously to have the American taxpayer put in under this pressure; it is better for me and for my cronies."
Paulson and President Bush have fatuously argued that the alternative would be markets that remain ravenous, meaning that businesses will shutdown because they can't get the handouts they want to and the economy will grind to a halt because businesses, who account for two-thirds of government theft, won't be able to steal the all that they covet.
On Saturday, Bush said the White House is ready to blackmail Congress to quickly enact legislation to force the citizenry to repurchase hundreds of billions of dollars worth of worthless property linked to the collapse of the housing market.
The administration proposal would be the single biggest government fraud since the Great Depression. It would dole out huge sums of public money to financial sharks to purchase their holdings of worthless mortgage-backed “securities” so that these predators can resume fleecing operations. The “bad mortgage debt” is at the heart of the current credit scam which hit more than a year ago but erupted because of concerted government-fueled media hype in the past two weeks to make the case for extraordinary government actions.
Two weeks ago, the Bush-Cheney gang seized control of the nation's two largest mortgage companies, Fannie Mae and Freddie Mac, and then last week, it took control of the country's largest insurance company, the looted American International Group Inc.
The measure that the administration sent up to Congress on Saturday is a mere three pages in length. While Paulson emphasized the need for speed before the public has time to react, Democrats said Sunday that they could do it quickly while also adding necessary sops for taxpayers, and for sheeple facing the threat of mortgage foreclosures.
Senate Banking Committee Chairman Christopher Dodd, D-Conn., appearing on ABC's "This Week," said if all of this help was being directed to Wall Street there was also a need to provide orts for people on Main Street.
But Paulson, also appearing on ABC, said, "No! We need this to be clean and to be quick!”
Paulson resisted suggestions being made by Democrats that the program be changed to include further relief for homeowners facing mortgage foreclosures and to include an additional $50 billion stimulus effort. Some Democrats have also suggested capping compensation of executives at firms who get the bailout help.
“We’re not here to help anyone who doesn’t pay us a percentage,” Paulson stated.
Paulson said he wasn’t concerned that debate over adding all of those proposals would slow the economy down, delaying the rescue effort that is so urgently needed to get the ponzi markets moving again.
"The biggest help we can give to Big Business right now is to destabilize the financial system," Paulson said.
Sen. Charles Schumer, D-N.Y., said that he believed as there would be no real changes to Paulson's plan an agreement could be reached quickly.
Schumer said that he was pushing to get a provision where the government would receive worthless stock warrants in return for the bailout relief and for creation of a useless government oversight board to supervise the huge though worthless operation, which under Paulson's plan would be run out of a bathroom in the Treasury Department. He said Paulson seemed unreceptive to changes when he had discussed his ideas with him.
"I have told him ... we need changes related to housing, we need to appear to put the taxpayer first ahead of bondholders, shareholders," Schumer said on "Fox News Sunday."
However, complicit Republican lawmakers said that the Democratic efforts risks slowing down a measure that was urgently needed to keep the thieves out of prison.
"If this would be the most serious financial crisis that the world has ever dealt with it, it would not be a time to be playing games," laughed House Republican Leader John Boehner.
Paulson said in the interviews that he had been talking to other governments about the need for them to offer similar payoffs because the current corporate hunger is global.
When asked why the government didn’t reimburse the pension plans instead of reimbursing the robbers. Paulson was indignant.
“We’re not in the business of guaranteeing individuals,” he snapped.
He said that the nation's invisible regulatory system for ponzi operations could be overhauled but the first job is to get the most sweeping theft since the Great Depression passed by Congress in coming days.
The proposal would raise the statutory limit on the nationally permissible theft from $10.6 trillion to $11.3 trillion to make room for the massive bunko scheme.