Obama and his Pals - For poor, clueless bob
 

"Hank Paulson Warned Hedge Funds, Goldman Sachs Pals About Takeover of
Fannie Mae and Freddie Mac

Back in the summer of 2008, as the financial system teetered on the edge
of collapse, no one knew what would happen to the debt-laden mortgage
giants Fannie Mae and Freddie Mac—would they be allowed to go under, or
would the government come to their rescue? What would become of the
shareholders? Trillions rested on the answers to those questions. Oh
wait, someone did know. Treasury Secretary Hank Paulson. And he told his
hedge fund pals and former Goldman Sachs colleagues. He just didn't tell
you. Because, really—who the **** are you?

Bloomberg Markets has the amazing, jaw-dropping, rage-fomenting story of
how, during a casual July 2008 lunch with some hedge fund oligarchs at
the Manhattan offices of Eton Park Capital Management, Hank Paulson
explained to them precisely how the U.S. government was going to ease
Fannie Mae and Freddie Mac into conservatorship, seven weeks before it
did so:

"After a perfunctory discussion of the market turmoil, the fund manager
says, the discussion turned to Fannie Mae and Freddie Mac. Paulson said
he had erred by not punishing Bear Stearns shareholders more severely.
The secretary, then 62, went on to describe a possible scenario for
placing Fannie and Freddie into "conservatorship" — a government seizure
designed to allow the firms to continue operations despite heavy losses
in the mortgage markets.
Stock Wipeout

Paulson explained that under this scenario, the common stock of the two
government-sponsored enterprises, or GSEs, would be effectively wiped
out. So too would the various classes of preferred stock, he said.

The fund manager says he was shocked that Paulson would furnish such
specific information — to his mind, leaving little doubt that the
Treasury Department would carry out the plan. The managers attending the
meeting were thus given a choice opportunity to trade on that information.""

Poor bob. The fool and his money are soon parted.

Obama and his Pals - For poor, clueless bob
 

On Wed, 30 Nov 2011 08:08:17 -0500, Ombudsman
wrote:

"Hank Paulson Warned Hedge Funds, Goldman Sachs Pals About Takeover of
Fannie Mae and Freddie Mac

Paulson explained that under this scenario, the common stock of the two
government-sponsored enterprises, or GSEs, would be effectively wiped
out. So too would the various classes of preferred stock, he said.

The fund manager says he was shocked that Paulson would furnish such
specific information — to his mind, leaving little doubt that the
Treasury Department would carry out the plan. The managers attending the
meeting were thus given a choice opportunity to trade on that information.""

Poor bob. The fool and his money are soon parted.


ahem.

all of this took place in 2008

obama took office in 2009

christ the right wing is so ****ing dumb they dont even know who was
pres in 2008!

Obama and his Pals - For poor, clueless bob
 

On 30/11/2011 4:08 PM, bpuharic wrote:
On Wed, 30 Nov 2011 08:08:17 -0500, Ombudsman
wrote:

"Hank Paulson Warned Hedge Funds, Goldman Sachs Pals About Takeover of
Fannie Mae and Freddie Mac

Paulson explained that under this scenario, the common stock of the two
government-sponsored enterprises, or GSEs, would be effectively wiped
out. So too would the various classes of preferred stock, he said.

The fund manager says he was shocked that Paulson would furnish such
specific information — to his mind, leaving little doubt that the
Treasury Department would carry out the plan. The managers attending the
meeting were thus given a choice opportunity to trade on that information.""

Poor bob. The fool and his money are soon parted.


ahem.

all of this took place in 2008

obama took office in 2009

christ the right wing is so ****ing dumb they dont even know who was
pres in 2008!

Has 0bama charged anyone? Nope.

Why did 0bama make Fannie Mae and Freddie Mac debt a national secret?
Hardly transparency.

Bush only did TARP of $700 billion at the direction of democrat
congress. Bush didn't initiate it, democrats did. But 0bama does more
of it. $5 trillion more of it so far.

Fact is DC has ruined the US economy. Ready for inflation? I hear
Bernanke is printing more no-value inflation moneys (electronic
counterfeiting).

Hey, stocks, oil, gold, silver, copper, food futures didn't go up, the
value of the USD and other conspiring fiat fraud US-Euro Regime
currencies fell in value. Devalues your income.

--
All successful people have one thing in common, if even for a moment
they think rationally.

Obama and his Pals - For poor, clueless bob
 

On Wed, 30 Nov 2011 16:18:31 -0700, Canuck57
wrote:

On 30/11/2011 4:08 PM, bpuharic wrote:
On Wed, 30 Nov 2011 08:08:17 -0500, Ombudsman
wrote:

Poor bob. The fool and his money are soon parted.


ahem.

all of this took place in 2008

obama took office in 2009

christ the right wing is so ****ing dumb they dont even know who was
pres in 2008!

Has 0bama charged anyone? Nope.

notice how the racist klanster FIRST tried to blame obama for stuff
that happened BEFORE he was president

THEN he admits that's true...it wasnt his fault but the fact he wasnt
president is irrelevant because

he's black

uh huh


Why did 0bama make Fannie Mae and Freddie Mac debt a national secret?
Hardly transparency.

let's see..this happened BEFORE obama was president]

so how could obama have affected this?

oh. he couldnt

BUT...he's

black


Bush only did TARP of $700 billion at the direction of democrat
congress. Bush didn't initiate it, democrats did. But 0bama does more
of it. $5 trillion more of it so far.

HHAHAHAHAA let's see

canuck ADMITS PAULSON invented the plan

the plan was delivered to congress BY PAULSON AND BUSH and congress
was told to pass it in DAYS or the markets would freeze

so let's see....

PAULSON invented the plan

BUSH SOLD IT TO CONGRESS

and it's obama's fault!!!

aint being right wing wonderful!


Fact is DC has ruined the US economy. Ready for inflation? I hear
Bernanke is printing more no-value inflation moneys (electronic
counterfeiting).


HAHAHAHAH inflation. next think, canuck will blame germany's WW2
inflation on obama!!!

Obama and his Pals - For poor, clueless bob
 

On 11/30/2011 6:08 PM, bpuharic wrote:
On Wed, 30 Nov 2011 08:08:17 -0500, Ombudsman
wrote:

"Hank Paulson Warned Hedge Funds, Goldman Sachs Pals About Takeover of
Fannie Mae and Freddie Mac

Paulson explained that under this scenario, the common stock of the two
government-sponsored enterprises, or GSEs, would be effectively wiped
out. So too would the various classes of preferred stock, he said.

The fund manager says he was shocked that Paulson would furnish such
specific information — to his mind, leaving little doubt that the
Treasury Department would carry out the plan. The managers attending the
meeting were thus given a choice opportunity to trade on that information.""

Poor bob. The fool and his money are soon parted.


ahem.

all of this took place in 2008

obama took office in 2009

christ the right wing is so ****ing dumb they dont even know who was
pres in 2008!

poor clueless bob. The fool and his money have been parted.

Obama and his Pals - For poor, clueless bob
 

On Thu, 01 Dec 2011 11:27:15 -0500, Ombudsman
wrote:

On 11/30/2011 6:08 PM, bpuharic wrote:
On Wed, 30 Nov 2011 08:08:17 -0500, Ombudsman
wrote:

The fund manager says he was shocked that Paulson would furnish such
specific information — to his mind, leaving little doubt that the
Treasury Department would carry out the plan. The managers attending the
meeting were thus given a choice opportunity to trade on that information.""

Poor bob. The fool and his money are soon parted.


ahem.

all of this took place in 2008

obama took office in 2009

christ the right wing is so ****ing dumb they dont even know who was
pres in 2008!

poor clueless bob. The fool and his money have been parted.

no doubt this rightie thinks obama was also president in 1929