Tuesday, November 18, 2008

paulson, oedipus complex

forget about all the technicalities, the real problem is one of trust, a treasury secretary who sealed the current financial system , a fine deal maker , or rather a bad statesman who managed to grab usd 700 bio from the government to fix the banks balance sheets , destroying before this its rival, lehman. this guy will pass to history as too biased to understand the real mess and facts that himself contributed to create, too proud to admit his own mistakes. the real job is currently done by Bernanke. Paulson knows that his mandate is over and that he has spent one of the most miserable moments of his career . He thought to serve the country out of philanthropy, he discovered that he was the originator of this mess , the largest ever destruction that capitalism has assisted to. it looks like an Oedipus complex, an existential drama unfolding: Paulson has murdered his father and married his mother, and he does not understand the absurd destiny reserved to him . he cannot act . let's be frank, the only person who could steer the nation out of this mess is the one who understood well its implicaitons ask rubini.

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