plainolebill
10-26-2011, 01:40 AM
He talks about congress, various big financial players, etc.
Excerpt:
On Larry Summers: We now find out that the single biggest asshole in America is Larry Summers, who browbeat Obama into bailing out Citibank. Larry Summers oversaw the repeal of Glass Steagall as Treasury Secretary in the Clinton Whitehouse, and oversaw the Commodities Futures Modernization Act which took the entire universe of derivatives and hid them from federal regulators. The Treasury Secretary should have advised Clinton that it was garbage. Then, when he went back to the White House, he wasn't done xxxxxxx the country. He gave us one last bend over and grab your ankles.
And
On Congress: I don't want to say Congress are whores, that go to these corporate executives with knee pads and lip-gloss... Congress is corrupt. Politicians in both parties are worthless.
Link (http://www.capitalismwithoutfailure.com/2011/10/ritholtz-interview-with-jonathan-miller.html)
Excerpt:
On Larry Summers: We now find out that the single biggest asshole in America is Larry Summers, who browbeat Obama into bailing out Citibank. Larry Summers oversaw the repeal of Glass Steagall as Treasury Secretary in the Clinton Whitehouse, and oversaw the Commodities Futures Modernization Act which took the entire universe of derivatives and hid them from federal regulators. The Treasury Secretary should have advised Clinton that it was garbage. Then, when he went back to the White House, he wasn't done xxxxxxx the country. He gave us one last bend over and grab your ankles.
And
On Congress: I don't want to say Congress are whores, that go to these corporate executives with knee pads and lip-gloss... Congress is corrupt. Politicians in both parties are worthless.
Link (http://www.capitalismwithoutfailure.com/2011/10/ritholtz-interview-with-jonathan-miller.html)