Henry Paulson, American Oligarch

Back in June, I wrote: “First, they [the power elite] always take advantage of crisis to make a [power and money]grab…Taking advantage of crisis and making things complex is how the elite play. The current crisis is the mortgage crisis. They are taking advantage of the crisis to sweep up and buy into banks on the cheap, and they are sitting in a conference room with the Fed to create regulations so onerous that only the elite will be able to play.”

Treasury Secretary Henry Paulson and Goldman Sachs, this weekend, have gone overboard in proving my point.