Il Piano Paulson resta un maiale, anche col rossetto

Paulson Plan Is Still a Pig, Even With Lipstick
di : Caroline Baum
http://www.bloomberg.com

Teacher comment: Student relies too heavily on Goldman Sachs credentials.

When Paulson went up to Capitol Hill last week, he and Federal Reserve Chairman Ben Bernanke warned of dire consequences to the financial system if Congress failed to pass a bill quickly.

This is the same Paulson who assured Congress that the subprime crisis was contained, that Fannie Mae and Freddie Mac — now wards of the state — were well-capitalized, that he needed a bazooka in order not to fire it, and that the banking system was “safe and sound.”

None of these assertions turned out to be accurate.

While public servants tend to present crises in the most favorable light, at some point the messenger starts to lose credibility.

Paulson to Congress: Trust me.

Congress to Paulson: Fool us twice, shame on us.

La credibilità è un capitale, e una volta che il capitale è dilapidato, come qualsiasi capitale esso non riappare per magia.

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