paulson discusses financial markets iran with sarkozy so this goes back to two thousand and seven hank paulson was here in paris meeting with nicolas sarkozy he raised concerns about subprime related market turbulence paulson however underscored the importance of not overreacting he said it would take months not weeks for credit to be right repriced but this was not a major crisis. yes he went on to say anyway it's not a problem the only problem i see in europe for the banks is the german lender spankin but they presented little systemic risk and would be bailed out by the german taxpayer so hank paulson is speaking on behalf of the german government in terms of his plan to allow for the german banks to be bailed out by the german citizen speaking for the global elite this is always their intention back to savers versus speculators he's he's negotiating to speculators rule and that he knew from then a year and a half before he pretended oh i hated to have to do tarp well he was speaking to sarkozy a year before tarp saying oh don't worry it's not going to be a problem because the german taxpay

and says please i wrote so many bad loans and they've all blown out but he told me if hank paulson i'd just done the same thing but we are in a war that's for sure so that's why i don't understand all this quickly. we have billing about the protein scenes the n.c. keynesianism monetary stimulus the bailout if you're in a foxhole and getting shot out by financial terrorists you need to fire back because it's a war and its cable is correct there are casualties of this war and impoverishment the whole most of the poverty people don't understand that they're in a war and they're losing yeah and instead you know in a war what happened in world war one or world war two the guy jumped out of the foxhole afraid and ran the general shot him in the back as the guy was running away this is the equivalent of what the bankers should be treated like they're running away from the financial system that they themselves created instead here's an image from william bonzai seven yes this is tiny to me and he's in charge of the financial system the eurozone shuns geitner treasury secretary timothy geithner

in the process of getting to karl rove's new book as well as hank paulson's new book. i don't know that anything has had more of a lasting impact on what we are talking about today than what happened a couple years ago with regard to the melt down. i think reading secretary paulson's new autobiography will be enlightening. i got pretty frustrated with 10 by the end of this time the secretary, but i want to give him the benefit of the doubt and see his side of the story since he was there in front and center and all the discussions. i am also reading a new book that andy andrews, a local alabama author wrote called the summit because it is an inspirational turn. he takes real people from the past. winston churchill, abraham lincoln, george washington carver and he leaves them in a fit to shift away, but

>> this is the woman that confused hank paulson with ben bernanke. woman that wanted to nationalize the oil business. >> give her credit. she represents her district well. >> neil: each day you come in with a different -- >> do you want me to read from the script or something? >> neil: are you for a capitalism or are you against it? are you for coddling or are you not? that's all. >> i'm just a nasty s.o.b. >> neil: allallall right. now you know the way to his heart is simply watch "fox business" network. which is not a bad goal. my thanks to charles and kristen for joining us. september is off to a rocky start after a very, very rocky august. but these two guys are here with stocks they say will make some of that money back for you fast: >> stocks ready to snap back. >> i like the global play on construction and building. i think it's got a lot of potential. >> neil: adam? >> well, this is a time when the global economy is actually contrain

paragraph of quotes talking about how fantastic jamie diamond is and they come from people like hank paulson and they come from people like some lawyer dude from a wall street firm that represents wall street bankers and says things like when treasury secretary henry paulson needed someone to save bear stearns from collapse in march two thousand and eight he turned to diamond we've got done and we've done and by the short and curlies he needs the entire regulatory infrastructure to change to allow his bank to go even deeper into debt to support his naked silver shorts we've got a silver prize goes higher jamie diamond is panicking that stock is like enron right before it collapsed mark my words hedge funds out there sure make a bundle but also continuing on this piece about how they're fluff piece on jamie diamond diamond emerged from the financial crisis a born again hero his bank took twenty five billion dollars in aid from the u.s. treasury out of patriotic duty not because it needed the money. i pledge allegiance to the flag of the bailout nation of america please send me a bill you and

more banks may need to be recapitalized now max why is the solver in debt crisis worsening member hank paulsone put a gun to congress is that is that either you take three quarters of a trillion dollars out of wall street's bad debts and put it on the fed's balance sheet we're going to blow this economy up and once we recapitalize banks once again what will happen more austerity measures the sovereign debt crisis will worsen whatever is advocating is a spiraling we he they're trying to flush us down the global quitely these two you are succeeding with the globe is being flushed down the global toilet and this is what the people at occupy wall street in new york city don't quite get they think it's something that has to do only on wall street that will see the global dimensions of this like we've been covering on the show for a long long time but that's why we're cultural fragging here in fact you and i are financial markets fragging because i'll give you the urban dictionary definition of fragging by the way to throw a grenade in your officers blank or in a bullet or rate your officer from vie

one, because of the personal dynamics between dick fuld and hank paulson which people right about, but, when we came back after that weekend when lehman went bankrupt, bernanke said, you know, it was not possible to save lehman. there were really, really, really worried about the moral hazard, and the reason they were worried about it because a lot of investments and real estate and associated securities were so irresponsible, so reckless, that if they had used tax money to bail them out, then they would have to bail out everybody. >> i mean, isn't it also though a failure of leadership and a failure of the leadership of lehman. >> how so? >> we knew from the spring when bear stearns failed and had to be purchased, we knew that the banks were still shaky, and everybody on the sehman was nex the firing line, and people were talking all through that summer. we reported, dylan, on some of those conversations. >> i remember. >> people were talking to dick fuld about possible deals to sell the bank, but he was not willing to give up control, and i would contrast that with a person who is ra

acted quickly and decisively to shore up the financial industry, and i have always thought that hank paulson, bob steele, ben bernanke, tim geithner, they really saved this country, and we owe them a great debt of gratitude. people say we should not have done tarp. those people just to not understand what had happened to our country and that there would have been a meltdown that would have damaged our economy for many years into the future. but in the two years that followed, congress did pass, and president obama signed, a stimulus package. they rescued the automotive industry from bankruptcy. the past financial reform legislation, and they did extend the bush era tax cuts, and i do know we all have different opinions of those actions, and i would bet that a lot of you like me think that some were more helpful than others, but as we approach the end of 2011, two things are really very clear. first, the american economy remains in very serious trouble, with more and more concerned that we are headed into a double-dip recession, and, second, i think it is fair to say more of the same just is

mistake of listening to, until now, the worst treasury secretary in the history of the country, hank paulson, and paulson said, give me $750 billion and i can fix things. well, that was a mistake. anybody that read that bill would understand, that was not a bill that should have ever passed. if more people on the house floor had read the bill, i am confident, i know they couldn't have brought themselves to vote for it but they didn't read it. many didn't. well, that's why i spent most of last night going through the president's jobs bill. he does have some payroll tax relief. but compared to the payroll tax relief i was proposing, we were told it would be close to, if you just gave people all of their tax money in their check, it didn't need to come back from washington, it would be in the check, if we passed it and the president had signed it on a thursday, it would have been in their friday check. all of the money, all the taxes they paid. and that would have stimulated the economy more than -- and we wouldn't have needed the government to say, hey, let's bail out g.m. and let's bail out c

i always thought that hank paulson and bernanke, tim geithner really save this country. people say we should not have done tarp, but those people don't understand how close we came to a meltdown that would have damaged our economy for many years into the future. in the years that followed, congress passed and president obama signed a stimulus package. they rescued the auto industry from bankruptcy. they passed financial reform legislation and they extended the bush era tax cuts. i know all of us have different opinions of those actions. people think that some were more helpful than others. but as we approach the end of 2011, two things are very clear. first, the american economy remains in very serious trouble. with more concern that we are headed into a double dip recession, and more of the same is not going to do the trick to get us out of that. whatever you think of the president's job plan, i say, what would you do? what ever you think of the republican agenda, and they have put forward some things whether you agree with them or not, you just spend the hour ways out