As financial regulations reform begins, the major players that led to the boondoggle system we currently have are still on the scene. I swear, it takes some brass balls to be Larry Summers.

http://www.cbsnews.com

"There wouldn't have been the kind of non-transparent derivatives that we saw at AIG that led to the need for more than $100 billion of bailouts."

Ahh, if only Larry Summers had been in some position to prevent that before it happened.

http://www.youtube.com

...just had to resurrect this thread in honor of Larry Summers "stepping down".

First the selection of Elizabeth Warren and now this. Two incredibly satisfying economic choices in one week. Thanks Obama!

So I guess it takes fear of losing an upcoming election to make Democrats do the right thing?

Originally posted by Scubie67

So I guess it takes fear of losing an upcoming election to make Democrats do the right thing?

Either that or you fire the people who's performance you're dissatisfied with. Regardless, it's a good move. Someimes the message is more important than it's motivation. This decision will benefit America, I couldn't care less what motivated it.

Originally posted by DailyBuzz

Originally posted by Scubie67

So I guess it takes fear of losing an upcoming election to make Democrats do the right thing?

Either that or you fire the people who's performance you're dissatisfied with. Regardless, it's a good move. Someimes the message is more important than it's motivation. This decision will benefit America, I couldn't care less what motivated it.

It's worth caring about... the reason predicts if they will do it again.

Originally posted by DailyBuzz

As financial regulations reform begins, the major players that led to the boondoggle system we currently have are still on the scene. I swear, it takes some brass balls to be Larry Summers.

http://www.cbsnews.com

"There wouldn't have been the kind of non-transparent derivatives that we saw at AIG that led to the need for more than $100 billion of bailouts."

 

Ahh, if only Larry Summers had been in some position to prevent that before it happened.

http://www.youtube.com

Obama trying to play catch up to get votes!! Only two more slots to fill.. Except its a bit too late!