There was a struggle between Born and Greenspan over the expanding CDS market.
She correctly foresaw the devastating dominoe effect they could have.
But Greenspan, Geitner, and Sumners got their way.
Now O still has Geitner and Sumners working their wonderful bailout ways.
“Now O still has Geitner and Sumners working their wonderful bailout ways.”
True. And Rubin, too. It would be one thing to keep these guys on if they had learned their lesson because sometimes there is no saint like a reformed sinner. But these guys don’t seem to have repented. This is a huge opening the GOP could take advantage of, but sadly they are too enamored of the Libertarian view.
parsy, who may wind up in the durn Green Party before this is all over...