View Single Post
Old 11-29-2011, 04:10 PM
Deusxmachina Deusxmachina is offline
2 tickets to the gun show
  • Oct 2007
  • 10,320
  • on my high horse
  • 994 Deusxmachina is a splendid one to behold
  • 1
How Paulson Gave Hedge Funds Advance Word
Quote :
William Black, associate professor of economics and law at the University of Missouri-Kansas City, can’t understand why Paulson felt impelled to share the Treasury Department’s plan with the fund managers.

“You just never ever do that as a government regulator -- transmit nonpublic market information to market participants,” says Black, who’s a former general counsel at the Federal Home Loan Bank of San Francisco. “There were no legitimate reasons for those disclosures.”

Janet Tavakoli, founder of Chicago-based financial consulting firm Tavakoli Structured Finance Inc., says the meeting fits a pattern.

“What is this but crony capitalism?” she asks. “Most people have had their fill of it.”

Paulson is now a distinguished senior fellow at the University of Chicago, where he’s starting the Paulson Institute, a think tank focused on U.S.-Chinese relations.
Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it.
Joe Biden says Buy a Shotgun! Wackiness ensues! []
Are you on Obama's Little List? []
Keynes vs Hayek economics rap battle []
The biggest tax no one talks about []
"George Ought to Help" []
How the GOP stole the nomination []
Save the internet, Save the world.