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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.

Originally posted to robertoroberto on Wed Oct 22, 2008 at 05:42 PM PDT.

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Comment Preferences

  •  Tis better to have bailed and lost... (4+ / 0-)
    •  Oh - $700 BILLION, not $700 "m". (0+ / 0-)

      Just a typo I'm sure.

      Also, you use "sinew". I wonder where the hell Paulson finds time to work out, because he appears to be a guy who lifts weights. Weird.

      Texas: Our Permanent Lock on the Presidency. Key: 10 points in 10 years.

      by TX Unmuzzled on Wed Oct 22, 2008 at 06:09:57 PM PDT

      [ Parent ]

  •  Bravo. (1+ / 0-)
    Recommended by:
    robertoroberto

    Thank you for this. The financial crisis at the moment cannot be overstated, and it's impact on the politics of concern to this site cannot be overstated.

    I'm as fixated on the elections as anyone else here, but I also have to work to keep abreast of all the fast and profound, historical developments in the financial sector.

    Again, thank you.

    BTW, I hear from a source that Charlie Rose is an extremely arrogant elitist. I frankly don't care. Just interesting, because Jim Lehrer is sooo not like that. I haven't seen him on 60-minutes in ages. Or was he on the one that got canceled?

    Texas: Our Permanent Lock on the Presidency. Key: 10 points in 10 years.

    by TX Unmuzzled on Wed Oct 22, 2008 at 06:08:18 PM PDT

    •  I can see Charlie being elitist. He does seem (1+ / 0-)
      Recommended by:
      TX Unmuzzled

      to be very intelligent though, so it doesn't bother me too much. Yeah, i thought this would get bigger play with the Dkos crowd. Perhaps everyone's too into election mode right now. Next time i'll write a story on Palin's dress sense, maybe it'll get more looks. Nah, i'm just being snarky. I do think this is important though (the financial crisis) i was just so gobsmacked by how slow Paulson was. I really should learn not to be so shocked.

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