I met a traveller from an antique land, who said/two bad cash-for-trash plans/stand in the desert...

[schmiss]

Financial Policy Despair
by PAUL KRUGMAN

Comments

[syndicalist]

This article is by Krugman and it is why this ultra-geeky dude made this music video asking for Krugman to just become Sec'y of the Treasury:

It'shorriblemusically but I understand the sentiment behind it.

[grimalkinrn]

But has he paid his taxes?

[syndicalist]

hahaha

[ladypolitik]

LMFAO, A+.

[ladypolitik]

I agree. :(

[schmiss]

Haha awww that's a lot of Geithner dissing. but I do wish Krugman would take a govt job. :S

[bord_du_rasoir]

Please explain why Geithner doesn't deserve the dissing.Take The Steering Wheel Out of Geithner's Hands On February 10th, the New York Times reported that there had been a "spirited" battle within the Obama administration over restrictions on executive pay and bonuses, and over attaching stringent conditions to any bailout money given to banks. The clash pitted Tim Geithner, who opposed the restrictions and conditions, against David Axelrod, who favored them. According to the Times, Geithner had "largely prevailed." In light of what has happened since then, that outcome must now be viewed as a tragic surrender to Geithner, Summers, and the political/Wall Street class -- a "victory" that could lead to the unraveling of the president's entire economic policy

[inlandsis]

Thanks for these excerpts. The more I learn about the subject, the more cynical I become.

It is incredibly demoralizing to see that, even in the middle of this huge crisis, Tim Geithner and the people in charge of the Fed and the SEC still won't stop the nonsense. Shit won't regulate itself, people! And it's not just the USA that are affected. Wall Street is dragging the whole planet in its mess.