Larry Summers With Maria Bartiromo On Finreg (VIDEO)

Video:  National Economic Council Director Larry Summers discusses the Wall Street reform bill with CNBC's Maria Bartiromo -- Aired July 23, 2010

Caution:  Regulatory buffoon baboon speaking.  Listen at your own risk.

Comments

[DailyBail]

« PBS Frontline: The Warning -- How Greenspan, Summers & Rubin Conspired To Silence Derivatives Whistleblower Brooksley Born (Complete VIDEO) »

http://dailybail.com/home/pbs-frontline-the-warning-how-greenspan-summers-rubin-conspi.html

[Sagebrush]

I think this shows what the banks the U.S. Congress and all the Federal Government programs have accomplished in the last three years.


http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

[DailyBail]

sage...that's a great video...i posted it about a year ago but haven't updated it...i will do an updated post on it later this week....thanks

[Ken]

@DB folks are you ready to participate or just scream on the web?LOL
March on DC
September 9, 2010 - Thursday
http://www.marchondc.org/

[James Street]

Summers has a bullet-proof ego and has been in power for years. He's smart, knows all the issues and represents a specific, well-respected economic paradigm.

It's Maria Bartiromo who looks like a buffoon-baboon, not Summers. She and the other Television News talking heads are nothing more than Barnum and Baily hucksters raking in customers. None of them could ever get Summers to say anything he doesn't want to or make him look any worse than he did coming in. Making faces and contorting themselves to try, only makes them look more ridiculous than normal.

But they are doing what they are paid to do, so you can't really criticize them too much. It's either CNBC's way or the highway.

It's the specific, well-respected economic paradigm(s) that are in question, not their representatives. The models and their representatives will do well, badly or muddle through and they and their theories will be accepted or changed accordingly.

We need to move forward pragmatically, in the good sense of that American word. Not careen from one abstract economic model to another.

[mark mchugh]

"It's the specific, well-respected economic paradigm(s) that are in question, not their representatives. The models and their representatives will do well, badly or muddle through and they and their theories will be accepted or changed accordingly."

Awesome post James!

I'm with you. I try not to be an idealogical purist. The problem isn't as much with the model as the people who want to change the rules when the model blows up in their face. Their argument suddenly shifted from "we're big boys and we understand the risks, so back off," to "if you don't save us, we're all gonna die!"

I really love the Galbraith guote:

"The ultimate result of shielding men from the effects of folly is to fill the world with fools. --"

Summers, Rubin, Keynes, Greenspan, Bernanke, Geithner, Ibbotson, Paulson, Frank, Dodd, Welch, Immelt (I could do this all day). All shielded from the effects of their folly; all fools - none discredited, disgraced, or even shamed - just gazed upon with awe by Maria B. And the whole population gets dummerer.....

@DB,

Personally, I'd rather be water-boarded than listen to Maria B., and every time I see Summers, I wish I was blind. Why do you torment me?

[Ken]

JOS.A BANK. BUY I SUIT GET 7 FREE
Great! But where's the job to wear that suit to?

Problem A. No jobs being created.

Problem B. More layoffs, just not reported.

Problem C. Decent earnings reports are History, not a view of the future.

Problem D. Who did Ford make all those sales to in the last Q? The Gubbermint? Cuz m/c folks be broke, and the rich don't purchase trucks, and the poor be takin' the bus or ridin' a bicycle.

Problem E. Housing is dead, and dying. And a notable percentage of those who are currently purchasing at "bargain" (they believe) prices and rates, will be stunned with their home continues to drop in value.

Problem F. The home mortgage tax deduction will be abolished with 2 years, IMO. Based on the gentle bleeding of the topic into the news over the last year or so.

Need I write more?

[DailyBail]

Personally, I'd rather be water-boarded than listen to Maria B., and every time I see Summers, I wish I was blind. Why do you torment me?

------------

suffering is good for the soul...

[Ken]

Gasparino: Goldman Plans To Circumvent The Volcker Rule By Changing The Name From "Prop Trading" To "Client Trading"

http://www.businessinsider.com/gasparino-goldman-plans-to-circumvent-the-volcker-rule-by-changing-the-name-from-prop-trading-to-client-trading-2010-7