“No one was tougher than I was in trying to protect the American taxpayer’’
See: Paulson Threatened Great Depression, Food Riots To Get Bailout Bill Passed
But he was JUST LOOKING OUT FOR YOU, taxpayers!!!
"Paulson accused of bending to bank’s demands; Ex-Treasury chief backs his actions" by Anne Flaherty, Associated Press | July 17, 2009
WASHINGTON - Lawmakers accused former Treasury Secretary Henry Paulson yesterday of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize financial markets last year.
Paulson, testifying for the first time since leaving office in January after putting in place a $700 billion bank bailout program, was defiant in his response and admitted no wrongdoing.
“No one was tougher than I was in trying to protect the American taxpayer,’’ he told the House Oversight and Government Reform Committee. Lawmakers are frustrated that despite hefty infusions of cash into the nation’s largest banks, unemployment and home foreclosures are on the rise.
Translation: YOU'VE BEEN LOOTED, America!!!!!
In one particularly testy exchange, Democratic Representative Marcy Kaptur suggested that Paulson - the former head of Goldman Sachs - needed to visit her home state of Ohio to see how bad the economy really is.
“I know how terrible it is, I’m telling you it would have been worse’’ had the government not intervened, Paulson said. Kaptur, who voted against the bailout program, responded: “If that’s your best argument, that’s not good enough.’’
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