Paulson Threatened Great Depression, Food Riots To Get Bailout Bill Passed
18/07/2009 § Leave a comment
During Paulson’s first appearance on Capitol Hill since he left office yesterday, the former CEO of Goldman Sachs said he told Congress privately that if they rejected the bailout bill another great depression would ensue, that there would be a breakdown in law and order as well as food riots and civil unrest, adding that he couldn’t reveal such things publicly for fear that the situation would “terrify the American people and lead to an even bigger problem”.
The threat of martial law was subsequently proven to be made on a fraudulent pretext because Paulson’s justification – that the money was needed to buy up toxic debt – was abandoned almost immediately and the money was directly injected into banks – and even forced upon financial institutions who tried to reject TARP funds.
The fact that the entire purpose of the bailout was switched as soon as it was approved by Congress proves that Paulson’s threat was nothing less than financial terrorism and a successful effort to blackmail Congress with hastily manufactured doomsday scenarios.