Treasury Secretary Hank Paulson proposed today, September 19, a scheme by which the government would relieve financial institutions of toxic mortgage assets. The stock market zoomed late Thursday and today. The scheme would cost taxpayers up to a trillion dollars. And it would kill any idea of free market capitalism. The government would also ban investors from betting that financial stocks will go down. This is a hoax. Paulson is trying to run up the stock market before the election. After that, the government will admit it doesn’t have the money to pull off this scam, and drop it.
Treasury Secretary Hank Paulson proposed today, September 19, a scheme by which the government would relieve financial institutions of toxic mortgage assets. The stock market zoomed late Thursday and today. The scheme would cost taxpayers up to a trillion dollars. And it would kill any idea of free market capitalism. The government would also ban investors from betting that financial stocks will go down. This is a hoax. Paulson is trying to run up the stock market before the election. After that, the government will admit it doesn’t have the money to pull off this scam, and drop it.