One name emerged: Henry Paulson, the United States Secretary of the Treasury. Paulson is fifth in the presidential line of succession but with absolute powers, including judicial immunity. He gave himself another power when he urged swift action on a plan to buy illiquid mortgage-linked securities and avoid severe spill over effects on the financial markets: the power to take hostages. Section 8 of the Paulson proposal reads: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
The blackmail is in place and Paulson is not alone. There are some other names to register:
- Joshua Bolten - current White House Chief of Staff
- Erin Burnett - CNBC Host
- Jon Corzine - Governor of the State of New Jersey.
- Michael Cohrs - Head of Global Banking at Deutsche Bank
- Jim Cramer - founder of TheStreet.com, best selling author, and host of Mad Money on CNBC
- Henry H. Fowler - 58th United States Secretary of the Treasury (1965-1969)
- Edward Lampert- Hedge Fund Manager of ESL Investments. Brought K-Mart out of Bankruptcy in 2003.
- Ashwin Navin - President and co-founder of BitTorrent, Inc.
- Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert
- Ocado - 3 Founders of first UK online supermarket were all former Fixed Income Traders at Goldman Sachs London
- George Herbert Walker IV - member of the Bush family and current managing director at Lehman Brothers
- Robert Zoellick - United States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.
- Mark Carney - Current Governor of the Bank of Canada
- Henry Paulson - Current United States Treasury Secretary.
- Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.
- Charlie Haas - Wrestler, who is working for World Wrestling Entertainment.
- Malcolm Turnbull - Australian politician, currently the federal leader of the Liberal Party of Australia. Former managing director and later a partner of Goldman Sachs in Australia.
- John Thain - Chairman and CEO, Merrill Lynch.
- Robert Steel - Chairman and President, Wachovia.
"Paulson rescue plan is one chapter. But there will be others. Over the next few years, the U.S. will have to climb out from under mountainous piles of debt. Many predict a long, gray recession. The country will not turn to free-market supply-siders. Nor will it turn to left-wing populists. It will turn to the safe heads from the investment banks. For Republicans, people like Paulson. For Democrats, the guiding lights will be those establishment figures who advised Barack Obama last week — including Volcker, Robert Rubin and Warren Buffett.
If you wanted to devise a name for this (...), you might pick the phrase economist Arnold Kling has used: Progressive Corporatism. We’re not entering a phase in which government stands back and lets the chips fall. We’re not entering an era when the government pounds the powerful on behalf of the people. We’re entering an era of the educated establishment, in which government acts to create a stable — and often oligarchic — framework for capitalist endeavor."
This is also a good time to remember their old plan:
"We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent."
Quote by: James Paul Warburg (1896-1969), son of Paul Moritz Warburg, nephew of Felix Warburg and of Jacob Schiff, both of Kuhn, Loeb & Co. which poured millions into the Russian Revolution through James' brother Max, banker to the German government, Chairman of the CFR. Source: while speaking before the United States Senate, February 17, 1950.