Mr. Moderate

Anybody who believes we ought to just adopt the proposal put forth by Secretary Henry Paulson needs to study the “Mega-Million Dollar CEO Payouts” article from ABC News. Look for Henry Paulson under Goldman Sachs. Secretary Paulson was paid nearly $164 million by Goldman Sachs when he left to become the Secretary of the Treasury. I’m sorry, but that smells an awful lot like a pre-bribe, given that Paulson made a “mere” $4 million the year before and only about $12 million the year before that.

Can anybody honestly believe that there isn’t going to be a good chunk of the $700 billion bailout going to help Paulson’s friends at Goldman Sachs? Even if it is just $7 billion of good taxpayer money going to Goldman Sachs, that is still a pretty good payoff for a $164 million “pre-bribe.” I rather strongly smell a rat, and I’m a long way from Washington DC!