comments

1. #1    "The Treasury Secretary has become a continuing liability for this President. By stepping down, Geithner can rightly claim some successes, and provide the President an opportunity to appoint a Treasury Secretary that not only does not have ties to Wall Street, but also who has a history of championing main street.
   Former Labor Secretary Robert Reich would be a superb choice"
   I'll second that 100%
   written by CwV since 81 days 14 hours 31 minutes
2. #2    I'll second your second.
   
   Where's Nas? I expect him to pop-up any minute to say that Reich is just a shorter version of George Bush
   written by protect_democracy since 81 days 14 hours 7 minutes
3. #3    Comment #2: You can count on nas, p_d! He's only had 59 minutes to sniff out a positive comment and trump it wiht his negativity.
   
   He'll jump on my pick for Treasury Sec'y, too. I want Paul Krugman to get the job! http://buzzflash.net/story.php?id=1050218
   written by hterrya since 81 days 12 hours
4. #4    Some call realism "negativity" (see Barbara Ehrenreich's latest, "Bright-sided: How the Relentless Promotion of Positive Thinking Has Undermined America").
   
   =]
   
   Given Obama's track record in selection of economic advisers, if Geithner is forced out, what do you think the chances are of his appointing someone reasonably progressive, rather than another hardcore, deregulate-and-privatize, Wall St-uber-alles neoliberal? Which is more likely -- Bob Reich or another Rubin-Summers-Greenspan acolyte?
   written by nasrudin since 81 days 11 hours 40 minutes
5. #5    I think it is naive beyond belief to think that one person can undo this clusterhump of a financial situation. A crisis like this does not have a single cause, nor a single solution. Crises occur when MULTIPLE problems happen simultaneously or as a direct result of cause and effect. IMHO, this whole thing started going to hell with the Gramm-Leach-Bliley Act of 1999 (http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act) which repealed the Glass-Steagall Act, and set the stage for all sorts of shenanigans. It was GLBA that allowed savings banks and investment banks to merge, which meant our savings was up for grabs and invested in all sorts of kooky derivatives. When they all fell to shit, our savings vanished - that is the essence of why we are where we are. With GLBA on the books, it turned to be irrelevant who might have been in charge at Treasury.
   written by zelator since 81 days 10 hours 44 minutes
6. #6    #5, don't forget the next year's parting gift from Clinton/Gore, the Commodity Futures Modernization Act, which (among other horrors) made it illegal to regulate derivatives.
   
   The vote on eliminating Glass-Steagall was 90-8 in the Senate, and 362-57 in the House:
   http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00354
   http://clerk.house.gov/evs/1999/roll570.xml
   
   The derivatives-scam bill passed the Senate by UNANIMOUS CONSENT, and 377-4 in the House:
   http://clerk.house.gov/evs/2000/roll540.xml
   written by nasrudin since 81 days 10 hours
7. #7    Comment #'s 2 & 3: As predicted, p_d, the "Little Miss Sunshine Troll" came in with a dose of his "realism" in Comment #4. If President Obama proved the "Turd of Misery" troll wrong by appointing Reich or Krugman, we can count on the troll to find a way to show that it will end in disaster and that his long-standing hatred of all things Obama is "justified realism."
   written by hterrya since 81 days 7 hours 2 minutes
8. #8    I agree with you zelator. And personally think that it is a little late to think anyone or anything is going to truly help this economy. If that was what this was all about to help this economy, then a lot of lives have gone down the tubes both physically, mentally, and spiritually behind these robber barons that your prez has allowed to fester.
   
   The only answer for vampires is to drive a stake through their hearts and start all over again.
   
   Help this economy? Are you kidding?
   written by Sparrows since 81 days 5 hours 3 minutes
9. #9    Most of us here voted for Obama,thinking that we was going to set us to right. I
   think we should realize by now that he is all talk and WORSE he appoints mostly
   republicans, and most of the people he's appointed have been people who caused or were directly involved in the deregulation....His latest appointment is none other than Dana P., who was Bush's last spokeswoman! OBAMA IS THE BIGGEST ENFORCER OF WHAT WAS THE STATUS QUO IN BUSH'S ADMINISTRATION.
   written by grammy since 81 days 27 minutes
10. #10    uhh... hello? obama needs to FIRE geithner, summers, wolin, patterson, and THE WHOLE golddamn-sachs TREASURY THIEVING bunch... starting with RAHM EMANUEL, who is Joe "I love it when Republicans STEAL elections" Lieberman ON STEROIDS.
    Quick, NAME an ACTUAL "Liberal" bill or provision that Emanuel has pushed, and helped pass, since he was in the Clinton White House in 1998? YOU CAN'T - he's RIGHT-WING Joe Lieberman CLONE, MASQUERADING as a ("DINO") "Democrat"
    written by veracity since 81 days 4 minutes
11. #11    Not to put too fine a point on it, but isn't Robert Gates Obama's Rumsfeld?
    
    (In that he was actually appointed by Bush)
    written by Markov since 75 days 23 hours 30 minutes

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