--- In FairfieldLife@yahoogroups.com, new.morning <[EMAIL PROTECTED]> wrote: <snip> > Poulson sems like a great guy -- personally. And he is smart > and expereinced. However, Paulson can speak in terms that > intimidate many.
Paulson is *far* from the only person who's predicting catastrophe if we don't take massive emergency measures. > But think a moment. Several weeks ago . Poulson was given $100's > of billion in authorization -- to use as a big stick -- to halt > the crisis in confidence and restore market order. That was his > pitch. And he openly admits he was surprised to the bone that > this authorization only accelerated the crises and forced him to > quickly spend "the big stick". Mr. Paulson does not have the best > judgment based on his recent track record. We're in uncharted territory here. Nobody expected the Spanish Inquisition. Read that Wall Street Journal tick-tock I cited in my previous post. > Does he mean a meltdown of the careers and some of the > multimillion dollar wealth of his Wall Street colleagues > and his former Goldman Sachs associates? Without the totally > abrupt, no warning shut down of short trades on Friday > morning -- Mr Poulson temporarily prevented a meltdown of > his former company GS -- and his peers careers. > > By meltdown does he mean that the economy is simply going to > stop and all savings, homes and jobs will be destroyed? I think that's a little extreme, but along those lines. I believe he is using > a very scary term to manipulate to manipulate people into > thinking the latter when it is much more the former. Again, Paulson is nowhere *near* the only person talking in such terms (nor is it just those with big stakes who are doing so).
