WASHINGTON, DC, 08:37 AM, SUN NOVEMBER 8 | Advertise on Wonkette | tips@wonkette.com | SUBMIT A TIP | RSS

Posts Tagged ‘hank paulson’

LET ME TELL YOU HOW I SAVED THE ECONOMY

Chris Dodd To Write Book About How He Saved America, With TARP

Thursday, February 12th, 2009

In a calculated move designed to insult America, Senator Chris Dodd has signed a book deal. His book will be out in June. Not that he’s actually penning a single word of it — it is “By Sen. Christopher J. Dodd with [random writing slave]” — but c’mon Dodd, save the heroic legislative deal-cutting memoir for when the unemployment rate starts going down (in 400 years). Worse yet, the working title is Thirteen Days: How the Financial Crisis Changed the Politics of Washington. Fuck you, Cuban communists! MORE »


OUR FLOURISHING ECONOMY

Senate Okays Geithner, Who Can’t Balance His Own Checkbook

Thursday, January 22nd, 2009

That's not Chance we can believe in.Mexican-using payroll cheater Tim “Turbo Tax” Geithner has been approved by the Senate Finance Committee! This means the full Senate will surely anoint him our new Financial Dictator, and then the Economy will be saved, hooray! Geithner is best known for being heavily involved in the disastrous Paulson Bailout Scheme, which has done nothing but burn up $700 billion. Change! [New York Times]


PRINT CALENDARS ARE FOR YOUR GRANDMA

Republicans Put Socialist Liberal On Their 2009 Calendar

Friday, December 19th, 2008

Here’s the main image on the RNC’s website: a calendar of George W. Bush, his wife Laura, and their little pooches. They are for sale of course! But no one will ever buy them after today, since George W. Bush decided to take $17.4 billion worth of existing funds from Hank Paulson — who likely spent that much on an evil failed bank between 9:04 and 9:04:08 a.m. this morning — to save potentially 100,000 jobs and the economy of an entire region, for a little while at least. Wow, Bush, KARL MARX MUCH? He’s probably a Muslim too! And now the entire GOP hates him, especially one John “Walnuts” McCain, who blames Bush for ruining his career several times. [RNC, Politico]


OUR GREATEST LEADERS

Bernanke Decides That Entire Economy Is Worth Saving

Thursday, December 4th, 2008

Money-printing liquidity trapper Ben Bernanke has been a Local Loser in recent months after rapidly cutting the federal funds rate to negative 1,000% to no effect whatsoever, except national embarrassment. He’s had to print Master Paulson’s money, alone, every night, as punishment. He is not allowed to shave. But as Paulson and his flack Neel “Chump” Kashkari refuse to do anything right, Bernanke’s had enough and he’s just going to sing it from the rooftops of America! Today, in a big speech, he declared that the “government must step up efforts to prevent home foreclosures, with options including buying delinquent mortgages and providing bigger incentives for refinancing loans.” Meanwhile, back in their lair, Paulson and Kashkari are discussing what evil they must next bring to the global economy. MORE »


OUR FLOURISHING ECONOMY

Your Dow Jones Falls Many Points After Investors Discover Some ‘Recession’ Thing

Monday, December 1st, 2008

The Dow Jones fell 679 points today, since it’s been a full six days since Paulson last introduced a new multi-hundred billion dollar loan or loan guarantee program, and everyone on Wall Street is a child: “The day’s news reminded investors, who last week were buying on a burst of optimism, that the economy is still in serious trouble. And at midday, Wall Street had confirmation of what everyone has suspected for months, that the nation is indeed in a recession.” They just wanted to be sure, for the 80th time, that the economy was indeed contracting, and then it was SELL SELL SELL. MORE »


FUNDAMENTAL QUESTIONS

Who Is The Real President Of America Right Now?

Tuesday, November 25th, 2008

Your country, the United States, comes closer and closer to the brink of complete economic and militaristic (but mostly economic these days!) ruination with every passing second. Oh, don’t blame yourself, dear reader. Blame the government — yeah, you know the one! Because, due to a confluence of distant inaugurations, inept lame ducks and quietly ambitious second-tier Washington officials, we’ve got one foot in the Great New Depression II with the other about to step in… and yet we have no idea who is actually running the country! By our count, we have three (3) presidents right now, and they’re all just going around doing their own things while your money is literally dying. So which president, pray tell, is the REAL president right now? MORE »


BUY CANNED GOODS!

United States Government Unveils ‘TARP II: THE CURSE OF BERNANKE’S GOLD’

Tuesday, November 25th, 2008

Whoa hey… whoa… what the hell? “The United States government unveiled $800 billion worth of new loans and debt purchases on Tuesday, hoping another massive infusion of cash would smooth troubled credit markets and make borrowing easier for homebuyers, small businesses and students.” Ha ha, it’s like the original TARP, but for consumers and eggheads — and this time, to hell with the Congressional “funding approval”! It’s much easier for Hank Paulson to drag his ass to a podium some random Tuesday morning and just start stone cold announcin’ the motherfucker. MORE »


UNPLEASANT COMMITTEE HEARINGS

“Is Kashkari A Chump?”

Friday, November 14th, 2008

Sexy Neel Kashkari, the 35-year-old former Goldman Sachs investor Hank Paulson selected to run the so-far embarrassing $700 billion bailout program, went before a House committee today to be brutally excoriated, roasted on a spit, and then sodomized by the giddy Elf King Dennis Kucinich and his snarling band of blood monsters. The highlight, and an instant Congressional Hearings Classic, came from Rep. Elijah Cummings of Maryland: “Mr. Kashkari, in the neighborhood I grew up in, in the inner city of Baltimore, one of the things that you tried to do was make sure that you were not considered a chump … Well, is Kashkari a chump?” [YouTube, HuffPo]


NEW MONEY BONFIRE PROPOSALS

Auto Industry Bailout Is Annoying On All Levels

Wednesday, November 12th, 2008

A thing that sucks about our nation’s current financial unpleasantness is that Congress wants to find solutions to it and Congress happens to suck. Other people who suck in this situation include Hank Paulson and “President” George Bush Jr. Barack Obama, too, for throwing himself into this situation that can only end in a sucky outcome. And lest we forget, the American auto industry — known by its appropriately sucky metonym, “Detroit” — sucks. So. Do we give car companies money for sucking or do we let a ton of workers in depressed areas lose their jobs and family health care plans? Oh, the wacky situations America finds itself in after ignoring massive problems for decades. MORE »


GREAT MONEY BONFIRE OF 2008

Hank Paulson Gives Up Buying Toxic Assets, Will Now Give Money To, Who Knows, Rats?

Wednesday, November 12th, 2008

Treasury Secretary Hank Paulson announced a major shift today in the Troubled Asset Release Program (TARP!) — or, as the kids call it, “n00bama bailout $ocialism” — and we do not necessarily know to what the shift is. We know from what Hanky is shifting away, though, and that is the plan to buy toxic mortgage-related assets from financial institutions so as to loosen credit and save America. You may recall this instrument Hank is now abandoning: it was the whole point of the bailout, the thing Hank and his chum Ben Bernanke DEMANDED Congress pass within 20 minutes or the child would die. MORE »


OK THAT'S OVER

House Passes Bailout, Now That There’s Some Tasty Pork In It

Friday, October 3rd, 2008

Whoa what is going on here, the wacky bailout bill has somehow passed in the House of Representatives by two million votes, 263-171. Take that, uh, China!…?? Many House Republicans switched from “no” to “yes” because they thought they were voting on a measure legalizing gay sex with pages. Now the bill will be driven in a fat cat limousine down Pennsylvania Avenue to the White House, where George Bush is currently naked and expecting it. A Rose Garden signing ceremony is also expected, during which Hank Paulson will personally light on fire a pyre of $700 billion. But don’t worry, he knows what he’s doing! The Dow Jones has dropped several hundred points since the good news came out. [NYT]