1. QUOTE from:
    Why Does Goldman Alumni Geithner Still Have a Job?
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    A Democratic senator said on Monday that she’s “not sure” why Treasury Secretary Timothy Geithner still has his job, calling his financial reform plans “appalling.” “I’m not sure,” Cantwell responded, "because David Gregory had him almost — trying to get a straight answer out of him. What the Treasury Secretary basically said was, yes, banks should take more risks and we should continue the loopholes and that is really appalling because, right now, we know that lack of transparency has caused this problem with the U.S. economy and Wall Street … So the Treasury Secretary is dodging the issue." More interesting stuff from the HuffPo … The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found. Full Article at The Classic Liberal
    because David Gregory had him almost — trying to get a straight answer out of him. What the Treasury Secretary basically said was, yes, banks should take more risks and we should continue the loopholes and that is really appalling because, right now, we know that lack of transparency has caused this problem with the U.S. economy and Wall Street … So the Treasury Secretary is dodging the issue.
    Maria Cantwell – Maria Cantwell SOURCE: The Classic Liberal 3 weeks ago
All quotes from:
Why Does Goldman Alumni Geithner Still Have a Job?
  1. I was an economist at the Fed for more than ten years and kept getting in trouble for things I’m proud of. I hear you, loud and clear
    SOURCE: The Classic Liberal 3 weeks ago
  2. The Fed has a lock on the economics world
    SOURCE: The Classic Liberal 3 weeks ago
  3. You just wonder, who is representing middle Americans?
    SOURCE: The Classic Liberal 3 weeks ago
  4. A lot of senior staff…were pissed off about Blinder — how should we say? — not playing by the customs that they were accustomed to
    SOURCE: The Classic Liberal 3 weeks ago
  5. There is no room for other views, which I guess is why economists got it so wrong.
    SOURCE: The Classic Liberal 3 weeks ago
  6. Sociologically, what was happening was the Fed staff was really afraid of Blinder. At some level, as an applied empirical economist, Alan Blinder is really brilliant
    SOURCE: The Classic Liberal 3 weeks ago

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