2008-Nov-21 07:53 UTC
Paulson Threatens Congress
Recall during the bail-out crisis, California Congressman Brad
Sherman made statements in regards to threats, that if Congress
did not pass the bail-out bill, by Monday there would be
Martial Law
in the United States. It turns out the person behind this threat
was no other than Treasury Secretary Hank Paulson! This comes from
a radio
interview with Senator James Inhofe.
Keep in mind while reading linked article and listening to the
clip how the bail-out money was to be used to buy the so called
"toxic assets". However, as soon as Paulson got his
hands on the money, he changed his plan. Instead of using the
money to buy up the toxic assets, he injected the funds into
troubled banks instead.
... sidster