Congress: Where Are The Subpoenas?

08-31-2009 • The Market Ticker

Watch the above - six minutes and worth every bit of it. From that interview (specifically, at 3:20 in): Paulson told this person (who is writing a biography, apparently) that he intended to use the TARP money to inject into the banks and not buy toxic assets a full ten days before he testified before Congress. He then testified before Congress to exactly the opposite. This is about as clear an allegation of perjury (which, by the way, we've heard before - remember Kashkari making essentially the same allegation in his Congressional testimony?) as I've seen. Now the questions: When will Congress hold Henry Paulson to account for what clearly looks to be a violation of the law, in that he appears to have sworn falsely before Congress. Who else knew of and assisted in this intentional deception? Specifically, were Geithner and/or Bernanke involved? It has been alleged that Lloyd Blankfein, Goldman's CEO, was also told in advance. If so that is material non-p