"Paulson yields no ground on taking equity stakes," Reuter headline, September 24, 2008.
Buffet invests 5 Billions in Goldman Sachs, and gets 9% equity stake, 9% dividend, and handful of stock options.
American people are asked to pay 700 Billions, get no equity stake in companies benefiting from 700 Billions, and get the so called asset--the junk asset that is. Is that what is the model of American fair play, Mr. Paulson?.
In a written statement to Congress, Mr. Paulson said that he has been working on this for months. Where, in secrecy some where in a building paid for by American people?
A masterpiece sad and embarrassing performance by USA Treasury Secretary.
That sums it up
A time to ponder.....................
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