Economist: Anti-bank reform effort ‘kind of thing you saw in Soviet Russia’

[babsbunny]

Economist: Anti-bank reform effort ‘kind of thing you saw in Soviet Russia’

http://rawstory.com/rs/2010/0422/anti-bank-reform-soviet-russia/

By David Edwards and Daniel Tencer
Thursday, April 22nd, 2010 -- 4:36 pm

Obama pushes for bank reform as Goldman CEO watches from the stands

As President Barack Obama lays out his case for financial reform this week, a former chief economist of the IMF is comparing the work of an anti-financial reform pressure group to the political tactics of Soviet Russia.

"This is the kind of thing which you saw in Russia, in the Soviet Union. Very, very clever," Simon Johnson told MSNBC's Rachel Maddow Wednesday night.

[frazzled]

1. It's the astroturf group he's comparing to the KGB in Soviet Russia

Not the bank reform legislation being proposed by the administration and Congress right now.

I think your problem is in hyphenating "anti-bank." It makes it sound as if the reform is "anti-bank" and that this is what Simon Johnson was complaining about.

[Toucano]

2. Completely agree. n/t

[anigbrowl]

3. Very misleading headline (Rawstory's fault, not yours)

would be (somewhat) more comprehensible as "Bank anti-reform effort 'kind of thing you saw in soviet Russia'", and probably get more reads/recs.