Chris Dodd Stares Down Paulson

Seems like it is the old West on Wall St. Via firedoglake:

So there was "Goldman" Hank, holding a gun on the economy and staring Congress down. "Give me the 700 billion, or the economy gets it!" he threatened. For two days it looked like he was going to get away with it, 700 billion dollars to spend on the Wall Street gang, the boys who'd already shot the economy up so bad it was in danger of bleeding to death.

Then Marshal Dodd came swinging through doors, shotgun in hand, and said "not so fast Hank. Put the gun down, and back away from the economy. We're going to do this my way."

Read the entire article

Paulson is pushing the ticking time bomb, "we must act now" crap. These firms need to change the way they do business and stop the generational looting. The banks don't even trust each other these days. How can we? Dodd and Dems need to stand tall.

Note: Bush is trying to NOT limit the pay of CEOs. Look at compensation packages of these failures[from the aflcio.org/paywatch/ site]

$13,960,382 AIG (Sullivan – CEO - 2007)
$40,004,315 Bear Stearns (Cayne – CEO - 2006)
$25,520,621 Citigroup (Prince – CEO - 2007)
$42,994,306 Countrywide (Mozilo – CEO - 2006)
$53,966,198 Goldman Sachs Group (Blankfein – CEO - 2007)
$22,052,273 Lehman Brothers (Fuld – CEO - 2007)
$28,286,332 Merrill Lynch (O’Neil – CEO - 2007)
$41,790,854 Morgan Stanley (Mack – CEO - 2007)
$15,795,984 Wachovia (Thompson – CEO - 2007)
$14,364,883 Washington Mutual (Killinger – CEO - 2007)

This is what we're dealing with. Greed that you or me have never experienced.