Thursday, September 25, 2008
Face Bigelow #68 - Bureau Of Bailout - Big Check
This is aimed at both Dick Fuld and Henry Paulson. I don't know much about Fuld, but I have liked Paulson so I don't really think he's bad I just don't like the whole bailout and I do think he has a big conflict of interest having probably lost a ton of equity in the dropping shares of Goldman.
Title: Bureau Of Bailout
Big: Next! Oh hey, my good friend Richard. How can I help you?
Richard: I lost the $700 million I made selling bad mortgage debt.
Big: You came to the right place and used the right buzz words. Mortgage and Debt. After buying a house in the hamptons and bailing out my own Goldman shares I have some money left over for you.
Big: Here's a check for $700 Million. Stop back again if you run into more trouble...
Richard: Wow, that was easy! I guess I can get that new yacht after all...