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Tuesday, June 09, 2009

‘It’s time to enshrine Hank Paulson as national hero’ WTF?

Hank Paulson is a national hero.
I said it last October and I’m sticking by it. And now, there’s actual evidence to back me up. The TARP bailout worked. The Wall Street crisis is over.
via Mean Street: It’s Time to Enshrine Hank Paulson as National Hero - Deal Journal - WSJ.
So here’s the letter I wrote to the Wall Street Journal after reading Evan Newmark’s paean to Hank Paulson last week:
Dear WSJ,
Just out of curiosity — did Evan Newmark ever work for Goldman, Sachs? And if the answer to the question is yes, don’t you think that might have been a good fact to disclose before he fellated Hank Paulson in his “Mean Street” column?
Sincerely,Matt Taibbi
I didn’t get an answer, which I guess is not surprising. But in the interim I found out that Newmark did, indeed, work for Goldman. I find it funny that a business journalist has to disclose if he’s invested in this or that stock, or short this or that security, before a newspaper will allow him to have an opinion about anything even distantly related to that company — but you don’t need to disclose anything if all you’re doing is kissing your former boss’s ass.
Can you imagine what a craven, bumlicking ass-goblin you’d have to be to get a job working for the Wall Street Journal, not mention up front that you used to be a Goldman, Sachs managing director, and then write a lengthy article calling your former boss a “national hero” — in the middle of a sweeping financial crisis, one in which half the world is in a panic and the unemployment rate just hit a 25-year high? Behavior like this, you usually don’t see it outside prison trusties who spend their evenings shining the guards’ boots. I can’t even think of a political press secretary who would sink that low. Hank Paulson, a hero? Are you fucking kidding us?


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