When It Comes to Financial Market Reform…
Jul 25, 2012 at 3:21 pm
…it seems to me that the people you want to listen to are the ones who built the architecture that failed and now see the follies of their ways…like former Citigroup CEO Sandy Weill…over at MSNBC.com.
Update: You get the popcorn, I’ve got a clip of a few of us discussing Weill’s statements on CNBC earlier today.
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About
Jared Bernstein’s areas of expertise include federal and state economic and fiscal policies, income inequality and mobility, trends in employment and earnings, international comparisons, and the analysis of financial and housing markets.
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Had the same sentiments, for a few moments, back in the Fall of 2008, regarding Alan Greenspan:
“I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact….I made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms….”
But, sigh, no -