Paulson's last job was at Goldman Sachs !

I don't know why this surprised me but it did. It explains why he says they have to have the whole 700 billion, why he wants no oversight, etc.

We have the fox not just in the hen house but running it.

As far as I am concerned, he is trying to help his friends and not us.

If this is old news I am sorry I just learned of it and am beyond Pi**ed.

Friend you are behind. Let me give you a run down.
Lets take a walk back in time to July 2006 when Hank was sworn in.

GS was between $140-145/share. One year later, July 07, GS was up more than 49%.
This compared to Morgan Stanleys 14.5% increase, UBS's 14% increase, and still far beyond Merrill Lynchs 21.5% increase.

GS outperformed other banks during his first year. How did they compare to everything else?

Nasdaq saw a +27% gain in that first year, Dow Jones up +25%, S&P 500 up +22.5%. Still far beyond the rest of the market. Now lets look at numbers updated for two years after Paulson took over (July 2008):
Goldman Sachs-+22%
Morgan Stanley- (-40%) UBS- (-62%) Merrill Lynch- (-57%)
Nasdaq- +8.5% Dow Jones- +3% S&P 500- (-.5%)



Can anyone give me a reasonable explanation why Goldman Sachs outperformed the entire stock market for two consecutive years after their CEO got a job advising the government on fiscal policy?

[edit on 26-9-2008 by beaverg]

"We have the fox not just in the hen house..."

Well isn't the answer more hens?

Right?

So funny, but I used the same image when contacting my senator yesterday. I mean it's common sense, but these people just lack it.

80 percent of the population do not want this to happen ... It will regardless of our wishes. Welcome to neo-fascism corporatism 101 thanks mostly in part to goons.

If a bank is robbed, do you want the thief to set up the security? I don't. I pray that this vote is killed.