Forget the cliches about how lucky we are to live in a country where we have freedom of speech. Forget cliches, I am just ____ grateful. Barry Ritholtz is one smart guy and has much data from which to glean his analysis, but about a fourth of the time I think his conclusions are wrong, just plain wrong. Not today.
Thank you Barry for having the guts to consistently write about what you observe and thank you framers of the Constitution for making sure we can shout. In “Hank Paulson: Blame it on the FHA/GSEs“, Barry takes on Paulson’s abdication of responsibility.
Hank Paulson, the criminally inept Treasury Secretary who shoveled trillions of taxpayer dollars to insolvent banks, and facilitated the grand theft of some near $20 billion dollars from AIG to Goldman Sachs (where he was previously CEO), is now trying to rewrite history.
In today’s Washington Post piece, Paulson ignores facts and rewrites history, fabricating the causes of the economic collapse:
Paulson oversaw the greatest transfer of wealth in the history of mankind — from taxpayers to insolvent banks and their bondholders. His commentary is thinly veiled attempt to rewrite what actually occurred, and to shift his own sad role from conductor of the theft, to hapless victim of long standing government policy.
If this exercise wasn’t such a transparent attempt at self-exoneration, it would be amusing, Instead, it is merely pathetic.
Paulson has written a book and I beg you not to purchase it. He should not be rewarded for his ‘criminally inept’ behavior.
Barry Ritholtz
July 30th, 2010
heh heh
Only a quarter of the time?
I must be slipping . . .
cdcrez
July 30th, 2010
I was trying to be gracious.