“No Nation will benefit by driving down the fortunes of another.”
-President George W. Bush, this morning
And Bill’s Corollary;
“Taxing the Citizens of a single Nation to save the world economy doesn’t work either George. Leave it alone.”
George Bush’s legacy will likely be as the man who tried to spread democracy throughout the world, only to lose it at home.
The fact that has been kept silent is that Henry Paulson was the head of Goldman Sachs when the CDOs were being engineered. Goldman originated a large percentage of the CDOs. As Goldman was not holding the CDOs when they went bust, Paulson likely had knowledge of fraud.
Brick Oven’s conspiracy theory is that Paulson was placed at the Treasury to transfer the bad debt from Wall Street to the American taxpayer, shielding his associates from financial losses and himself from civil and criminal exposure.