Dicky Fuld.."We're Back Baby"

[lrm21]

Paulson Recruits Asset Managers to Stop Loss of `Precious Days'

By Rebecca Christie and Robert Schmidt

Oct. 3 (Bloomberg) -- Treasury Secretary Henry Paulson is hiring as many as 10 asset-management firms to join the lawyers and bankers he is recruiting to jumpstart the government's new $700 billion bank-rescue program.

The Treasury began implementing the plan within an hour of the House of Representatives vote giving Paulson the extraordinary powers he had sought to combat the U.S. financial crisis. Paulson is seeking to assemble a team to determine which toxic securities to target, how to value them and how to arrange purchases.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aczLjF35rxQM&refer=home

Everything is ok know. "whew"

 

[TT1]

I bet right now Paulson's Wall St. buddies are setting up Deleware Corporations to rake in $$$Billions off of this bailout!!!

The same fuckers that caused S&L fiasco, backed doored the RTC and made $$$Millions on that deal.

The same will happen here.

 

[Chood]

Quote from lrm21:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aczLjF35rxQM&refer=home

Everything is ok know. "whew"

I understand folks already are applying for these positions. They must take the “Competence and Conflicts” questionnaire Hank’s A team at Treasury put together to screen for top talent. See how you’d score on it, it’s very quick, with 3 right out of 4 earning a passing grade:

True or False (mark only one answer per question, please):

1. If you don’t know who the suckers are,
you’re one. True ___
False ___

2. If it is worth being dishonest about, it is worth
levering. True ___
False ___

3. If you sell to greater fools, it is good to have
a ready supply of them. (Bonus point it you add, “Enter Congress.”)
True ____
False ____

4. Never ever pay if you can get the other guy to. (which is why you never go for drinks with Hannity. He's Irish for goshshakes and you're stuck with the tab)
True _____
False ____