18 March 2008

The Audacity of Help: How The Rich Help The Rich Get Richer

Bear Sterns, the epiphony of 'Bull Market' on Wall Street for so many years, a steamroller of the financial community, the laizzes faire free market capitalist of capitalists who say NO to government intervening in the marketplace at our peril, was in the Welfare Office last week looking for a handout. The Corporate Welfare Office, that is. Once again, the government, led handily by the Republicans when it's convenient to do so, has bailed out corporate America. What the hell are they doing for YOU, while the right-wing zealots (some of whom are YOU) say NO to government handouts for regular people?

And who takes care of these recipients? Why the Prez of course; his surrogates are of the same blueblood breed. As in Treasury Secretary Henry Paulson, pour example:

Henry Merritt "Hank" Paulson Jr. (born March 28, 1946) is . . .
the U.S. Treasury Secretary and member of the International Monetary Fund
(IMF)
Board of Governors. He previously served as the Chairman and Chief
Executive
Officer of Goldman Sachs, one of the world's largest and most
successful investment
banks.

Born in Palm Beach, Florida, to Marianna Gallaeur and Henry Merritt
Paulson, a wholesale jeweler, he was raised in Barrington Hills,
Illinois. Paulson attained the rank of Eagle Scout in the Boy Scouts of
America. Paulson received his Bachelor of Arts in English literature
from Dartmouth College in 1968; at Dartmouth he was a member of Phi Beta
Kappa and was an All Ivy, All East, and honorable mention All American as
an offensive lineman. He was also a member of Sigma Alpha Epsilon
fraternity, played intramural sports and lacrosse, and president of the
Christian Science Organization.

He met his wife Wendy during his senior year. The couple have two adult
children, Henry Merritt III and Amanda Clark, and became grandparents in
June of 2007. They maintain homes in Washington, DC and Barrington Hills,
Illinois.

In 1970 Paulson received a Master of Business Administration degree from
Harvard Business School. Paulson was Staff Assistant to the Assistant
Secretary of Defense at The Pentagon from 1970 to 1972.[7] He then worked
for the administration of U.S. President Richard Nixon, serving as assistant
to John Ehrlichman from 1972 to 1973.

He joined Goldman Sachs in 1974, working in the firm's Chicago office. He
became a partner in 1982. From 1983 until 1988, Paulson led the Investment
Banking group for the Midwest Region, and became managing partner of the
Chicago office in 1988. From 1990 to November 1994, he was co-head of
Investment Banking, then, Chief Operating Officer from December 1994 to
June 1998; eventually succeeding Jon Corzine (now Governor of New Jersey)
as its chief executive. His compensation package, according to reports,
was US$37 million in 2005, and US$16.4 million for 2006. His net worth has
been estimated at over $700 million.

so there you have it!
another rich x@%! one of them...
a soldier of John Erlichman from Nixon/
Watergate fame...a true Hitler Youth.
aahhhhggghghhhghghg!!!!

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