Question by johann_mb: How to punish Hank Paulson if it comes out that he is personally involved in the Madoff-scandal?
Best answer:
Answer by Mary Ann
Treasury Secretary Henry Paulson sold the $ 700 billion financial bailout to Congress by insisting that emergency cash was needed to get rotting mortgage and other assets off banks’ balance sheets. Now he’s telling a different story!
He now announced plans to use the bailout cash for a distinctly different approach to resolving the financial mess: injecting additional capital into banks (potentially expanding the initiative to include non-bank financial institutions), supporting the asset-backed securitization market, and looking at ways to prevent foreclosures.
Hank Paulson should be sentenced to five-years/50 hrs a week of Community Service in various area such as foreclosure assistance, homeless shelters, food banks, food kitchens for the poor, meals on wheels to see the fear in those who have lost their investments and now have nothing to eat, etc. No amount of money will hurt him as much as the souls of those who are now suffering.
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