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	<title>Comments on: Report: Paulson Lied to Congress, Public</title>
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	<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Mark Down</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222956</link>
		<dc:creator>Mark Down</dc:creator>
		<pubDate>Tue, 06 Oct 2009 14:30:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222956</guid>
		<description>Paulson lied Obama makes a speech. Spitzer rumors. October rocks!</description>
		<content:encoded><![CDATA[<p>Paulson lied Obama makes a speech. Spitzer rumors. October rocks!</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222906</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Tue, 06 Oct 2009 11:11:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222906</guid>
		<description>worth, 

this docu http://www.hbo.com/docs/programs/outrage/index.html

is, as well, tres` telling.  the hypocrisy, rampant, in DC, is well exposed from the vantage point taken in the piece..</description>
		<content:encoded><![CDATA[<p>worth, </p>
<p>this docu <a href="http://www.hbo.com/docs/programs/outrage/index.html" rel="nofollow">http://www.hbo.com/docs/programs/outrage/index.html</a></p>
<p>is, as well, tres` telling.  the hypocrisy, rampant, in DC, is well exposed from the vantage point taken in the piece..</p>
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		<title>By: godly</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222898</link>
		<dc:creator>godly</dc:creator>
		<pubDate>Tue, 06 Oct 2009 08:17:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222898</guid>
		<description>Has anyone read this

A shocker of a news: Gulf and european countries are putting an end to trade Oil in dollar. It is finally happening. The final step to killing the dollar. 

&lt;a href=&quot;http://investingcontrarian.com/?p=543&quot; rel=&quot;nofollow&quot;&gt; Dollar on the verge of murdered &lt;/a&gt;

fresbee</description>
		<content:encoded><![CDATA[<p>Has anyone read this</p>
<p>A shocker of a news: Gulf and european countries are putting an end to trade Oil in dollar. It is finally happening. The final step to killing the dollar. </p>
<p><a href="http://investingcontrarian.com/?p=543" rel="nofollow"> Dollar on the verge of murdered </a></p>
<p>fresbee</p>
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		<title>By: alfred e</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222875</link>
		<dc:creator>alfred e</dc:creator>
		<pubDate>Tue, 06 Oct 2009 01:32:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222875</guid>
		<description>@Moss:  Completely and totally true. The Bill Clinton model.

Tell them what they want to hear.  Do what the funders want.  PERIOD.  Hat tip tp Cevienne.  Wherever he is.

Gues  fantasy football can be a great diversion.  Good for you.</description>
		<content:encoded><![CDATA[<p>@Moss:  Completely and totally true. The Bill Clinton model.</p>
<p>Tell them what they want to hear.  Do what the funders want.  PERIOD.  Hat tip tp Cevienne.  Wherever he is.</p>
<p>Gues  fantasy football can be a great diversion.  Good for you.</p>
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		<title>By: wunsacon</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222866</link>
		<dc:creator>wunsacon</dc:creator>
		<pubDate>Tue, 06 Oct 2009 00:39:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222866</guid>
		<description>&gt;&gt; The problem is not that they lied, the problem is that the American people believed them “again”….

The American people did NOT believe them.  Since Paulson/Bernanke were GOP nominees, that hurt the GOP.

Let&#039;s see what happens now that Obama and the Dems have continued the previous policies.  The clock is ticking.</description>
		<content:encoded><![CDATA[<p>&gt;&gt; The problem is not that they lied, the problem is that the American people believed them “again”….</p>
<p>The American people did NOT believe them.  Since Paulson/Bernanke were GOP nominees, that hurt the GOP.</p>
<p>Let&#8217;s see what happens now that Obama and the Dems have continued the previous policies.  The clock is ticking.</p>
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		<title>By: worth</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222840</link>
		<dc:creator>worth</dc:creator>
		<pubDate>Mon, 05 Oct 2009 22:04:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222840</guid>
		<description>Way to dig, Hoff!
Adultery is one thing (one BAD thing).  But the man found a willing participant, agreed to terms, and as the article states, USED HIS OWN MONEY.  Screwing NOBODY in the process, other than the hooker, himself, and his family (which sucks, don&#039;t get me wrong).
But I got zero problem with that guy championing our cause, because he&#039;s the only one who could/would do it the way it needs to be done:  sleazily, effectively, and legally.</description>
		<content:encoded><![CDATA[<p>Way to dig, Hoff!<br />
Adultery is one thing (one BAD thing).  But the man found a willing participant, agreed to terms, and as the article states, USED HIS OWN MONEY.  Screwing NOBODY in the process, other than the hooker, himself, and his family (which sucks, don&#8217;t get me wrong).<br />
But I got zero problem with that guy championing our cause, because he&#8217;s the only one who could/would do it the way it needs to be done:  sleazily, effectively, and legally.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222831</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Mon, 05 Oct 2009 21:38:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222831</guid>
		<description>re: Spitzer
http://clusty.com/search?input-form=clusty-simple&amp;v%3Asources=webplus&amp;query=Why+was+Spitzer+outed%3F

we should wonder..

&quot;...Greg Palast offered an answer to these questions in “Eliot’s Mess”, also
posted here the other day:

“While New York Governor Eliot Spitzer was paying an ‘escort’ $4,300 in
a hotel room in Washington, just down the road, George Bush’s new
Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over
$200 billion in a tryst with mortgage bank industry speculators.

“Both acts were wanton, wicked and lewd. But there’s a BIG difference.
The Governor was using his own checkbook. Bush’s man Bernanke was using
ours.

“This week, Bernanke’s Fed, for the first time in its history, loaned a
selected coterie of banks one-fifth of a trillion dollars to guarantee
these banks’ mortgage-backed junk bonds. The deluge of public loot was
an eye-popping windfall to the very banking predators who have brought
two million families to the brink of foreclosure.

“Up until Wednesday, there was one single, lonely politician who stood
in the way of this creepy little assignation at the bankers’ bordello:
Eliot Spitzer.

“Who are they kidding? Spitzer’s lynching and the bankers’ enriching are
intimately tied...&quot;
http://darwiniana.com/2008/03/19/why-was-eliot-spitzer-outed/</description>
		<content:encoded><![CDATA[<p>re: Spitzer<br />
<a href="http://clusty.com/search?input-form=clusty-simple&#038;v%3Asources=webplus&#038;query=Why+was+Spitzer+outed%3F" rel="nofollow">http://clusty.com/search?input-form=clusty-simple&#038;v%3Asources=webplus&#038;query=Why+was+Spitzer+outed%3F</a></p>
<p>we should wonder..</p>
<p>&#8220;&#8230;Greg Palast offered an answer to these questions in “Eliot’s Mess”, also<br />
posted here the other day:</p>
<p>“While New York Governor Eliot Spitzer was paying an ‘escort’ $4,300 in<br />
a hotel room in Washington, just down the road, George Bush’s new<br />
Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over<br />
$200 billion in a tryst with mortgage bank industry speculators.</p>
<p>“Both acts were wanton, wicked and lewd. But there’s a BIG difference.<br />
The Governor was using his own checkbook. Bush’s man Bernanke was using<br />
ours.</p>
<p>“This week, Bernanke’s Fed, for the first time in its history, loaned a<br />
selected coterie of banks one-fifth of a trillion dollars to guarantee<br />
these banks’ mortgage-backed junk bonds. The deluge of public loot was<br />
an eye-popping windfall to the very banking predators who have brought<br />
two million families to the brink of foreclosure.</p>
<p>“Up until Wednesday, there was one single, lonely politician who stood<br />
in the way of this creepy little assignation at the bankers’ bordello:<br />
Eliot Spitzer.</p>
<p>“Who are they kidding? Spitzer’s lynching and the bankers’ enriching are<br />
intimately tied&#8230;&#8221;<br />
<a href="http://darwiniana.com/2008/03/19/why-was-eliot-spitzer-outed/" rel="nofollow">http://darwiniana.com/2008/03/19/why-was-eliot-spitzer-outed/</a></p>
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		<title>By: Moss</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222819</link>
		<dc:creator>Moss</dc:creator>
		<pubDate>Mon, 05 Oct 2009 21:03:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222819</guid>
		<description>My point is the circular logic of Wesbury. He is of the belief that the government caused the mess and that they then purposefully ignored, denied or prey tell lied about the soundness of the financial system all the while hoping that the catastrophe would force an intervention to save the system and hence the world. This unprecedented action and subsequent kick save then gave the government the necessary justification for their existence and highlighted the need for the Feds.  Wesbury went on to say that at the end of the day all that was needed was a few tweaks in the accounting scheme, insinuating that the real culprit was the  minor annoyance known as mark-to-market accounting.

This line of reasoning is absolutely preposterous and just goes to show how a belief system, once completely accepted as truth or fact,  can be so irrational.</description>
		<content:encoded><![CDATA[<p>My point is the circular logic of Wesbury. He is of the belief that the government caused the mess and that they then purposefully ignored, denied or prey tell lied about the soundness of the financial system all the while hoping that the catastrophe would force an intervention to save the system and hence the world. This unprecedented action and subsequent kick save then gave the government the necessary justification for their existence and highlighted the need for the Feds.  Wesbury went on to say that at the end of the day all that was needed was a few tweaks in the accounting scheme, insinuating that the real culprit was the  minor annoyance known as mark-to-market accounting.</p>
<p>This line of reasoning is absolutely preposterous and just goes to show how a belief system, once completely accepted as truth or fact,  can be so irrational.</p>
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		<title>By: worth</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222810</link>
		<dc:creator>worth</dc:creator>
		<pubDate>Mon, 05 Oct 2009 20:26:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222810</guid>
		<description>Thanks Thor.  I presumed that &quot;fielding a standing army&quot; would include all armed forces and their raisons d&#039;etre, but no harm in spelling it out, right?

Another biggie that used to be considered gov&#039;t-only, but can now be done by the private sector, is anything space-related (satellites, exploration, joy rides, visits to other celestial bodies).</description>
		<content:encoded><![CDATA[<p>Thanks Thor.  I presumed that &#8220;fielding a standing army&#8221; would include all armed forces and their raisons d&#8217;etre, but no harm in spelling it out, right?</p>
<p>Another biggie that used to be considered gov&#8217;t-only, but can now be done by the private sector, is anything space-related (satellites, exploration, joy rides, visits to other celestial bodies).</p>
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		<title>By: Thor</title>
		<link>http://www.ritholtz.com/blog/2009/10/report-paulson-lied-to-congress-public/comment-page-1/#comment-222778</link>
		<dc:creator>Thor</dc:creator>
		<pubDate>Mon, 05 Oct 2009 19:19:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40189#comment-222778</guid>
		<description>Fight a war</description>
		<content:encoded><![CDATA[<p>Fight a war</p>
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