Liar Liar Pants On Fire

February 7th, 2009 by alyx · 3 Comments · hank paulson

hank-paulson

And here I was thinking I wouldn’t get to use the Hank Paulson tag much any more. More from the chair of the TARP Congressional Oversight Panel, Elizabeth Warren -

Prof. WARREN: Well, they’re trying to push money into banks and the question the oversight panel was asking is, `are you getting an equivalent amount back?’ And so that’s what this was about. Now there could be lots of policy reasons that Treasury might decide that it wanted this money to be in the banks. But our question is the one we put to Secretary Paulson, and that is, `are you putting it in and getting back assets that are worth equivalent value?’ He told us yes; our independent investigation said no.

CHEN: So are you saying he was lying?

Prof. WARREN: Well, I’m telling you he told us yes and our independent investigation said no.

HuffPo has the video.

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