Hank Paulson Warns Of Another Financial Crisis
Sat, Sep 14, 2013, 9:20AM EDT
Remember Hank Paulsen? He was the United States Secretary of the Treasury during the financial crisis.
We don’t hear much about him domestically, but he just shared his concerns about another financial crisis with the German finance/economy newspaper Handelsblatt.
Literally translated, Paulson warns of another financial ‘firestorm’ sparked by one of the following factors:
Too big too fail banks, the ballooning derivatives market, hardly regulated but rapidly growing shadow banks, and the growing influence of Fannie Mae and Freddie Mac could trigger another ‘firestorm’ at any moment.
Below are some staggering stats and numbers (source:Handelsblatt newspaper):
Too Big to Fail
The five biggest US banks have amassed $8.3 trillion in assets. That’s $2.5 trillion more than in 2007. The chart below compares the assets the five biggest banks held in 2007 with today. JPMorgan Chase is 74% bigger today than in 2007, BofA 44%, Wells Fargo 177%, and US Bancorp 66%. Only Citigroup has shrunk.
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Whistler Blowers, Insiders
Hank calls for another fleecing of America for himself and his bankster friends. Is he going to kneel and beg again this time or just know there will be no jail time or even a slap on the wrist. This man should be in prison and not quoted as anything other than a criminal.
Lots of people don’t realize that as GS head man, he handed out billions of worthless CDO’s to investors, governments and women and children without even being prosecuted. Instead he was bumped up to Treasury Secretary.
Hang him.. He stole $200,000,000.00 and gave terroristic threats.
When the shtf ,He should be one of the first targets of vigilante law and he knows it. That is why he bought an island to live on.
any more, seems theres a never ending series of crisis, false flags,etc. we lose even more rights, and nearly getting into another war, or the prez wants to strike another country, its about enuf to make a person want to go live in a cave and pulll the opening closed
Hank Paulson is having a financial crisis? I thought he was the expert. It keeps getting worse. He is a charlatan.