We've all heard his name. We may have even seen him give ridiculous press conferences in which he tried to explain, in detail why the American financial system is so broken. He didn't tell us who was to blame. He simply stated that without the bailout package of 700b US dollars, America's banking system will collapse quicker than a house of sand. So here he is, in all his glory, Henry Paulson discussing the plan to bailout America's banks with Charlie Rose (one of my favourite newsmen by the way)
This interview is a brilliant lesson in lying. First of all, reflect every question asked by telling the questioner what they're asking you. Call the questioner by their first name, that always helps.
Within this video, watch around 1min 55 second mark in this video. When Charlie asks " do you forsee that these newly financed banks will then use this money to buy weaker banks"
The B.S practically jumps out from every sinew and every pore in Mr. Paulson's body.
Now, to further illustrate my point, i present to you, in all it's glory, exhibit B:
Within this clip, Rose asks Mr. Paulson whether they failed to communicate the "bailout" properly to the American people. Now, watch how Paulson turns the question around to mean 'really, this isn't a bailout, we're helping the American people.'
All very clever and actually quite instructive as to how the people that are leading the "efforts" in this bailout crisis are actually quite adept at the old jedi mind tricks. Of course, they look dumb as a friggin post while doing it. But still, somehow, inexplicably, this stuff is chewed up and accepted by the media.
Kudos Mr. Paulson, you might not be as stupid as you look. Touche.