Paulson.. Whats his Ulterior Motive ??

[lakai]

After watching the Senate Hearing, it is very obvious that Bernake doesn't even know much about this bailout plan. Whenever Bernake was asked a question, Paulson always jumped in and answered for him. When the senate further questioned on the possibility that the money would be used in buying "toxic" assets other than mortgages (i.e. credit cards, loans) he was extremely dodgy. Paulson wreaks of slime. He obviously does not have any interest in protecting the American people. Whats the hidden agenda here, not just the obvious but details? This guy is seriously irking me. What do you guys think ?

[Quicksilver]

Everyone in politics has an Ulterior Motive. Just add him to the list.

[lakai]

I just wonder what kind of deals he's done with Goldman Sachs.

[lakai]

Bernake knows that he's toast anyways, I'm sure that the deal will make for a very nice severance package for him.

[MrLabGuy]

I'm not comfortable with the whole process and the politics being injected into the process. While I agree the credit market needs some shoring up to maintain a free flow of credit I have reservations about the price tag and other options being placed on the table such as bailing out people who could not afford a mortgage in the first place. Why should I have to pay for a loan on a home where the owner went in over his or her head hoping for a quick flip. Obama and Pelosi seem to be pushing to expand the bailout which would carry even a larger price tag.

That is not saying I'm happy bailing out the banks, but at least that can be justified as a safeguard to keep the economy going.

I say get a bipartisan commission made up of guys like Mitt Romney who have shown success in rebuilding failing companies who also know the wall street fundamentals enough to make an intelligent recommendation.