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In reply to the discussion: The ROBS Act [View all]

sabrina 1

(62,325 posts)
1. Henry Paulson should be prosecuted, or at the very least, investigated.
Mon Apr 9, 2012, 01:27 PM
Apr 2012

From your last link:

Paulson bears a considerable amount of personal responsibility for the crisis.

Paulson, according to a celebratory 2006 BusinessWeek article entitled “Mr. Risk Goes to Washington,” was “one of the key architects of a more daring Wall Street, where securities firms are taking greater and greater chances in their pursuit of profits.” Under Paulson’s watch, that meant “taking on more debt: $100 billion in long-term debt in 2005, compared with about $20 billion in 1999. It means placing big bets on all sorts of exotic derivatives and other securities.”


In almost all of the documentaries of the Global Meltdown, it was made clear that he played a major role, and his desperation to get the bailout seems more to cover his gambling debts, than anything that was meant to 'save' the country from a collapse he contributed to.

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