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Is Wonkette still a blog? It doesn't break news. It never has anything interesting to say. It just takes the news everyone else has and rewrites it with a sneering tone. Time for Wonkette to fold.
He could just as easily have served in the same capacity in a McCain Admin. The big banks and financial institutions in NYC must think that their dreams have come true. He's a sensible former deputy to Larry Summers, and someone who would quite likely be skeptical of the policies that would have the feds trying to just spend our way out of current problems by printing more money. Change You Can Believe In! is looking more and more like status quo ante.
Richard Dolan said...Change You Can Believe In! is looking more and more like status quo ante.It's the third term of the Clinton administration with a mulatto face on it. Or whatever the pc term for mulatto is. Biracial or halfrican.Rahm, Eric Holder, Richardson, Hillary, this guy....
FDR redux. Govenment expansion. Obama outlines rebuilding plans to create jobs
"Wonkette is bored."Good. I like my governments like I like my physicals, airplane takeoffs and landings (Ever been in an aborted takeoff? It's certainly not boring, but I wouldn't consider it something desirable), and my drive to and from work. Exciting and interesting should be saved for the Super Bowl, Christmas presents, and trips to Milwaukee.
Geithner's photo looks like an evil executive from an 80s movie.
I was reading America’s Next Top Economist comments section mentioning Brooksley E. Born who served as chair of the CTFC in 1996-99(?). This from Wiki: While on the commission and, after becoming its chair two years later, Born tried to bring derivatives, specifically swaps that are traded at no central exchange, known as the dark market, and thus have no transparency except to the two counter-parties, under the regulatory oversight of the CFTC. She was opposed in this effort by Federal Reserve chairman Alan Greenspan, and Treasury Secretaries Robert Rubin and Lawrence Summers. Specifically, on May 7, 1998, former SEC Chairman Arthur Levitt joined the other members of the President’s Working Group – Treasury Secretary Rubin and Federal Reserve Board Chairman Greenspan – in objecting to the issuance of the CFTC’s concept release, in which Born attempted to shed light on the dark market, citing grave concerns about the possible consequences of the CFTC’s action. In particular, these concerns focused on the risk that the report would increase legal uncertainty concerning swaps and other OTC derivative instruments and, thus, destabilize what had become a significant global financial market. The potential turmoil created by the report and concerns about the imposition of new regulatory costs also might have stifled innovation and pushed transactions offshore.Is it possible that if Greenspan, Rubin and Summers had acted on her concerns we would not have the current mess??!!
[K]nox has it exactly right.I'm going to mail Mr. Geithner a yellow "power tie."That and it all comes together.
I wish Ana Marie were still doing Wonkette.
I think we're in for many surprises over the next six months as shoes begin to drop. This quote made me giggle “ 'a little aide, a little white book' for the incoming president on how to conduct his relations with Europe.", at least they had the presence of mind not to choose a red cover.Me thinks many of those whom believe Obama is their pawn will soon realize the tables have been turned.
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