Friday, September 19, 2008

Hank Paulson's bullshit:

He really said this:
These illiquid assets* are clogging up our financial system, and undermining the strength of our otherwise sound financial institutions.
Cut out the unsound activities and what's left is "sound". What a joke.

* "lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing"


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