Last updated on November 21st, 2015
Guillotine and “The Reign of Terror”
Funny how I missed this during the summer – I was in hospital, I think.
This video is Henry Paulson, stumbling and squirming, as he struggles to evade quite simple questions for someone in his position. (I talked about his deceit last year here and here, at the start of the “Credit Crunch”).
His performance reminds me of the terror of the aristocrats during the French Revolution, as they struggled to justify their actions and lives in order to escape Monsieur le Guillotine.
Lives of power, wealth and privilege.
Watch him panic.
Why can’t he answer, simply, the reasons for the various preferential bank collapses, bailouts and the huge sums of money gained by himself and his cronies?
It was his job as a professional, after all…?
Unfortunately, we’ll never know. The ‘rules of engagement’ for this type of investigation set a time limit on Congressman Stearns‘ questions.
But in a true court of law, there is no time limit to determine a level of satisfactory proof.
And so Paulson walked away, secure with his $200 million tax-free cushion, protectively engineered by a system and rules that he himself set up!
There’s an extra interview, with quotes, of Cliff Stearns in this YouTube clip below that explains much that the Congressman couldn’t ask directly to Paulson.