Conflict of Interest?
hell - it’s a tuna* farm
Unfortunately - we’re the tuna…
National security expert and former Pentagon official Frank Gaffney warned two years ago about Bush’s appointment of Paulson, calling him the “Armand Hammer of China,” ...At a time when Paulson was up for Senate confirmation, Gaffney asked, “Will any of his Senate interlocutors even bother to explore the nominee’s troubling fifteen-year ties to Communist China and the potential for serious conflicts of interest they pose, with national security as well as economic implications for our country?” The answer was no. Paulson’s nomination was confirmed by unanimous voice vote.
...Paulson’s plan, which was passed by Congress, includes a provision to enable him to bail out banks in China and other countries holding U.S. financial assets. This is one of many conflicts of interest involving Paulson and China.
In a little-noticed dispatch from Beijing on September 25, the Reuters news agency reported that Chinese regulators had told its domestic banks “to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis...”What did Paulson know and when did he know it? Congressional “leaders,” as well as Bush, McCain, and Obama, seem to have no interest in getting to the bottom of this.
And this - which gets right to the heart of the matter:
Rather than rescue anything, these airheads have endorsed a socialist-style takeover of the financial sector, paid for with more federal spending and debt. To make matters worse, they won’t label it for what it is-socialism.
*tuna [n] colloq. used by grifters to describe a mark, the object of a con. Shh - here comes a fat tuna.
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