Gotta love Goldman Sachs' CEO Hank Paulson (i.e. the US Treasury Secretary) and banker best buddy George Bush wanting to protect the investment banks on one side, and the corrupt Democrats wanting to bail out failed flippers and housing gamblers on the other side.
How will this epic battle of evil versus evil end?
Paulson Dismisses Mortgage Rescue Plans
WASHINGTON -- The Bush administration is hardening its opposition to the chorus of Democrats, bankers, economists and consumer advocates calling for a big-money government rescue program for struggling homeowners.
In an interview yesterday, Treasury Secretary Henry Paulson branded many of the aid proposals circulating in Washington as "bailouts" for reckless lenders, investors and speculators, rather than measures that would provide meaningful relief to deserving, but cash-strapped, mortgage borrowers.