James Kwak has his best post yet at Baseline, pointing out that Tim Geithner is the poster child for the soft power of regulatory capture: we meant that one of the primary means by which Wall Street got its way in Washington was by creating and propagating the understanding – among sophisticated, educated, cultured people, [...]
Archive for April 27th, 2009
Mindset
Posted in Miscellaneous, Politics on April 27, 2009 | 4 Comments »
Benjamin N. Dover III
Posted in Miscellaneous on April 27, 2009 | Leave a Comment »
Courtesy of Zero Hedge, our favorite public commenter strikes again: Ben on the uptick rule. Ben on PPIP.
Summers
Posted in Meltdown on April 27, 2009 | Leave a Comment »
Based on Simon Johnson’s account of a conversation with him, Larry Summers seems even more delusional in person than in the media: LS: We will get out of the crisis by encouraging exactly the kind of behaviors that “previously we wanted to discourage” two years ago. It is “this insight, this view” particularly with regard [...]
