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The woman who Larry "The Pigman" Summers had shut up on behalf of Wall St.

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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 09:33 PM
Original message
The woman who Larry "The Pigman" Summers had shut up on behalf of Wall St.
Don't you feel comfortable knowing that The Pigman is Obama's right-hand man when it comes to economics?



http://www.washingtonpost.com/wp-dyn/content/article/2009/05/25/AR2009052502108.html?hpid=topnews&sid=ST2009052502127

Credit Crisis Cassandra
Brooksley Born's Unheeded Warning Is a Rueful Echo 10 Years On

By Manuel Roig-Franzia
Washington Post Staff Writer
Tuesday, May 26, 2009

They want Brooksley Born to say four words, four simple words: "I told you so."

Ah, but she won't -- not at legal conferences or dinner parties. Not even in a quiet moment in her living room, giving her first interview with a major news organization since last fall's economic collapse.

She just smiles, perched ever so properly in an upholstered armchair at her Kalorama home.

"More coffee?" she asks daintily, changing the subject.

A little more than a decade ago, Born foresaw a financial cataclysm, accurately predicting that exotic investments known as over-the-counter derivatives could play a crucial role in a crisis much like the one now convulsing America. Her efforts to stop that from happening ran afoul of some of the most influential men in Washington, men with names like Greenspan and Levitt and Rubin and Summers -- the same Larry Summers who is now a key economic adviser to President Obama...
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 09:37 PM
Response to Original message
1. She represents the kind of person Obama needed to hire to fix this mess
Another opportunity lost.



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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 09:45 PM
Response to Reply #1
3. Yes she does- among others who got it right
Edited on Mon May-25-09 09:47 PM by depakid
and were ignored... or shut out. Or worse.

Hopefully, that will change.

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scarletwoman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 09:39 PM
Response to Original message
2. Many thanks for posting this! k&r!
Edited on Mon May-25-09 09:40 PM by scarletwoman
I want Wall Street OUT of our government. As soon as I saw Obama chose Robert RUBIN for an economic adviser over Robert REICH, I knew we were fucked. And Reich only gets a pass for being LESS bad.

sw
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 10:19 PM
Response to Reply #2
5. Bush was engineered into power by the Powers that be
Edited on Mon May-25-09 10:19 PM by truedelphi
To help give some dominant action to the military industrial group.

Obama was engineered into power so that the Financial Titans can continue their strangle hold over everything.

This by design, and it is hardly because, as Obama tried to explain himself some two or three weeks ago; "When I started my run for President, there were only two things on my plate - the war in Iraq, and thewar in Afghanistan. Then the economy unexpectedly unravelled."

Sort of his way of saying, "Look I am just as lame as everyone else when it comes to economics."

Except then you look at people who are not being paid for being President of the USA, and they can figure it out. People like autorank, for one.

And this woman the OP is honoring, she is another.

It's not rocket science. If it sounds too weird to be true, (Let's take the same people who got us into this financial mess, and have them help us get out of it - yeah that, BY Jove, is the ticket!" <wink> and <nudge nudge>) and if it doesn't pass the sniff test, then it isn't any good as policy.
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DrToast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 10:16 PM
Response to Original message
4. Pigman? How old are you?
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smalll Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 10:23 PM
Response to Reply #4
6. Of course! How immature. It's all GENETIC after all, isn't it?
None of this EVER has anything to do with High Fructose Corn Syrup, a car-based culture, p'zones or a general unwillingness to exercise. Not at all. Genetics only! (Plus maybe the Fat Virus too. Yeah, it's a virus! ...

That's the ticket! ...)
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-25-09 11:12 PM
Response to Original message
7. More than one man shot her down,
the whole crew did it (including Levitt, whom I'd admired.)
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