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larry summers

priceman's picture

Q and A: Priceman

I have Joslyn Stevens's permission to repost this interview.

 

This week I conducted an interview with a progressive populist I follow on twitter, Priceman, whose annoying habit of using facts and common sense with a dose of in-your-face realness to prove his points tends to piss off democrats over at the “progressive” DailyKos. I feel it’s necessary to showcase often ignored voices representative of the people who speak truth to power and will continue to do so on a weekly basis. Read below the fold...

priceman's picture

What We Really Should be Yellin About When it Comes to Who Runs the Fed

Effective regulation, and on that note, it is a positive thing that the Summers of our discontent can finally be laid to rest. After all the damage Larry Summers has caused in being one of the architects of this crisis, from boxing in Brooksley Born and ignoring her warnings with regard to derivatives which brought down Long Term Capital Management during the Clinton administration, to his sexism among everything else. He has now thankfully taken himself out consideration for the job.

It's a good thing he did. Rather than fighting for something or someone that helps people suffering from this economic crisis, President Obama strongly recommended and fought for Larry Summers to be Chairman of the Federal Reserve, a guy who lost a billion dollars as President of Harvard betting on interest rates. Yeah, let that sink in for awhile.

It's really not OK. This is why making excuses for everything the President does, as too many Democrats do without thinking of the damage, is dangerous, immoral, and unprincipled. Now it looks like the front runner to replace Ben Bernanke as Chairman of the Federal Reserve is going to be Vice Chairwoman of the Board of Governors of the Federal Reserve System and once President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Janet Yellin. Unlike Larry Summers, she at least saw the crisis coming as early as 2005.

Larry, Larry, oh no, you gotta go

Check out Yves on how the big boiz get their profits. Larry Summers is is a successful underpants gnome. Read below the fold...

Larry, Larry, oh no, you gotta go

I'd been wondering where the switch was. Apparently, Larry's asleep at it. Read below the fold...

Larry, Larry, oh no, you gotta go

Frank Rich:

Lawrence Summers, the president’s chief economic adviser, made $5.2 million in 2008 from a hedge fund, D. E. Shaw, for a one-day-a-week job. He also earned $2.7 million in speaking fees from the likes of Citigroup and Goldman Sachs. [Yet/And at] the start of his stormy and short-lived presidency, Summers picked a fight with Cornel West for allegedly neglecting his professorial duties by taking on such extracurricular tasks as cutting a spoken-word CD.

Read below the fold...

Larry, Larry, oh no, you gotta go

Larry, Larry, oh no, you gotta go

Larry, Larry, oh no, you gotta go

zil-117dOuch!

Leave aside for a moment the question of whether a market in which buyers have to be bribed to participate can really be described as “better functioning.”

And now, the throwdown: Read below the fold...

Bite me, Nance. You too, Larry

7772So-Where-s-My-Fucking-Pony-PostNaked Capitalist has a terrific post on the latest TARP maneuvering showing, essentially, that the only institutional* difference between Village Republicans and Village Demorats is the Dems use lub Read below the fold...

LostClown's picture

Larry Summers the front runner for Treasury Secretary? (ACK)

So, I bet you all remember that wonderful sexist Larry Summers who said that women aren't excelling in STEM (science, technology, engineering, and mathematics) fields because of innate differences between our brains and men's. Isn't he sweet? Read below the fold...

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