Daily Bail
Bill Black says you're doin' a heck of a job, Mr. President.
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A look back at a Bill Black op-ed from last Fall. Nothing has changed.
As part of their TARP propaganda tour, Obama officials from Tim Geithner to the president himself keep repeating the same lie statistic -- that solving the financial crisis will cost far less than the 2.5% of GDP it took to clean up after the S&L crisis. In this piece, Bill Black gives withering criticism of Obama for playing extend and pretend with the TBTF banks -- the very same game the S&L regulators played during the 1980's. It didn't end well back then, and it won't end well this time.
Regardless, says Black in a new op-ed, the results, are clear:
For reasons that only Summers, Geithner, and Obama can know, they chose to adopt Pratt's disastrous and dishonest anti-regulatory strategy and parrot his dishonest claims of brilliance and [...]
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Bill Black says you're doin' a heck of a job, Mr. President.
---
A look back at a Bill Black op-ed from last Fall. Nothing has changed.
As part of their TARP propaganda tour, Obama officials from Tim Geithner to the president himself keep repeating the same lie statistic -- that solving the financial crisis will cost far less than the 2.5% of GDP it took to clean up after the S&L crisis. In this piece, Bill Black gives withering criticism of Obama for playing extend and pretend with the TBTF banks -- the very same game the S&L regulators played during the 1980's. It didn't end well back then, and it won't end well this time.
Regardless, says Black in a new op-ed, the results, are clear:
For reasons that only Summers, Geithner, and Obama can know, they chose to adopt Pratt's disastrous and dishonest anti-regulatory strategy and parrot his dishonest claims of brilliance and [...]
Submit your suggestion / comments / complaints on lookyp.com@gmail.com
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