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Politics : Welcome to Slider's Dugout

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To: Bill on the Hill who wrote (18665)	8/17/2009 9:20:24 PM
From: (¯`*•.	of 50439

youtube.com here is another recent clip ... check out the 7 minute mark ... the question and her truthful answer ... were Paulson;s actions correct last year in allocating funds to "save" the system/ world as we knew/know it ? Elizabeth Warren;s answer ... it depends on what you wanted to save ... and how you choose to define the system/world ... the big banks were too big ... and if we did not socialize their risk then Paulson and his friends would ahve ended their reign ... the only way they survive is to give them the large cash infusions they received to stay "solvent"... if on the other hand you define the system differently ... notice the music is started to begin the segue to a commercial ... then no Paulson was wrong as intermediate and small institutions would have benefited from the collapse of the big banks.. or was she suggesting something else, benefit wise from the failure of the large banks ? who would have benefited vs the gloom and doom from the big banks failure was nice to hear. I see why you like her.

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