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Henry Paulson
  • Bailout! The Musical

    Having as hard a time as everyone else in the world at figuring out what the hell is going on with our economic crisis so that you can figure out who to blame?

    New Yorker editor Ben Greenman's piece of economic musical theater (that might be the first time those three words were ever used together) might help you out. And give you something to sing while you're nailing boards up on your shanty's windows…

    Come now, travel with me
    Back to 2001
    Remember the big boom?
    That was an awful lot of fun
    Alan Greenspan warned
    About the bursting bubble
    He lowered all the interest rates
    To try to forestall trouble
    That led in turn to a big run
    On purchases of real estate
    Offset falling stock prices
    With property? It all seemed great
    But then the subprime borrowers
    Started to default
    And our proud economy
    Began to grind to a halt

    The DOLLAR BILL snores.

    What the hell?
    The dollar's snoring

    Sorry, guys
    This movie's boring

    Read the whole thing.

    Tags: Economy, Henry Paulson, New Yorker
  • The Fundamentals of This Screen Grab Are Strong

    Here's a screen grab one of our friends took of Secretary of the Treasury Hank Paulson and Federal Reserve Chairman Ben Bernanke emergency hearing to the Senate Banking Committee this afternoon…

    Kinda says it all, doesn't it?

    * Goddamit! I hardley wrote anithing yestarday, and I had too go and speel "Fundementals" incorectly. I suke.

    Tags: Ben Bernanke, Economy, Henry Paulson, Senate