Your thoughts please.

[lonestarnot]

Obama's Bailout Bunch Brings Us More of the Same: Jonathan Weil

Commentary by Jonathan Weil


Nov. 11 (Bloomberg) -- It's hard to believe Barack Obama would even think of calling this change.

Take a good look at some of the 17 people our nation's president-elect chose last week for his Transition Economic Advisory Board. And then try saying with a straight face that these are the leaders who should be advising him on how to navigate through the worst financial crisis in modern history.

First, there's former Treasury Secretary Robert Rubin. Not only was he chairman of Citigroup Inc.'s executive committee when the bank pushed bogus analyst research, helped Enron Corp. cook its books, and got caught baking its own. He was a director from 2000 to 2006 at Ford Motor Co., which also committed accounting fouls and now is begging Uncle Sam for Citigroup- style bailout cash.

Two other Citigroup directors received spots on the Obama board: Xerox Corp. Chief Executive Officer Anne Mulcahy and Time Warner Inc. Chairman Richard Parsons. Xerox and Time Warner got pinched years ago by the Securities and Exchange Commission for accounting frauds that occurred while Mulcahy and Parsons held lesser executive posts at their respective companies.

http://www.bloomberg.com/apps/news?pid=20601039&sid=aNCFKvAMUQ6w&refer=home

[Greyhound]

1. Meet the new boss...

Just too depressed to bother anymore.
;(

[lonestarnot]

2. Oh jeebus that was not what I wanted to hear.

:(

[lonestarnot]

3. 70 looks and you've been the only brave soul.

[LittleApple81]

4. Obama has never been a lefty. Kucinich is a lefty. Obama is better than McCain. We could not

get Kucinich. Realities of life...

[lonestarnot]

5. I think I was asking more about choosing criminals for financial crisis work.

But thanks for your input.

[LittleApple81]

8. OK, from all the "heads of industry" anywhere in the world (global criminals) Obama will have a

difficult time finding somebody with credentials, honesty and probity. I agree I dislike these people with a passion, but Obama can choose to accept or reject their advice.

[lonestarnot]

10. That is somewhat comforting.

[Greyhound]

9. I just can't understand why, out all the big brain economists in this nation,

he seems fixated on assigning the very criminals that made this mess in charge of fixing it. If they knew how to fix it, they wouldn't have made it in the first place. Right? I mean, he can't possibly buy the "we never saw it coming" argument, can he?

So I've learned that Krugman has proclaimed himself unsuitable for SoT, not that it was offered, but why would a man that was undeniably elected to change the direction of the nation in general, and the economy specifically, commit himself to more of the same? 30 years of decline and destruction, and this is the best he can do? I don't think so.

Pro-Chicago school economics, pro-corporate, pro-profits over people.

Fuck.

[lonestarnot]

11. Nope.

Pro-Chicago school economics, I wouldn't go that far yet.

[Greyhound]

12. Then why are all of his "guys" followers of this abomination? n/t

[lonestarnot]

14. Did I read that?

[opihimoimoi]

6. When forming a NEW TEAM...anywhere in any ORG...ya need some ole timers in there too

As in the NFL...new teams cannot rely solely on fresh recruits....

Obama is forming the team....the recruits are starting to be chosen..They will have their given agendas toward the success Obama is looking for..

Its that simple...\\Mr Weil is a noted writer...he should be trying to help not snipe...

[lonestarnot]

7. Welp, did they do work history checks. I'm really worried about some of these fucking choices.

Forget about Weil the piglicon.

[opihimoimoi]

13. The New Coach needs breathing room I guess....benifit of the doubt time