Ratigan & Romer Discuss Zombie Banks, The Fed And The Economy

(Guest post from James H.)

In this clip from Morning Meeting, Ratigan talks with Christina Romer, Miss Sunshine and Lollypops, about vampires, the Fed and the economy.

The head of Obama’s Council of Economic Advisors says that the TARP and all the other bailout programs to save the zombie banks was “money incredibly well spent.”  Turning our economy Japanese by propping up failed banks is apparently the way to ensure a healthy, growing economy, right?

But once again, Ratigan brings things back to the core issues: “Doesn’t it also matter how you grow? In other words, if you grow by paying yourself, but risking other people’s assets....how do I get back to growth driven by a culture of investors and innovators as opposed to a culture of vampires, who are basically taking money out in the short term? It creates growth, but then we’re stuck with the pile of blood, so to speak.”

Sunshine and Lollypops brought her best game, but she was no match for vampires and blood piles.  In the quest for truth and justice, score another win for DR.

Watch

Editor's note: In case you ever wanted to email Christina, her still-functioning Berkeley email address is cromer@econ.berkely.edu

The last time Ratigan & Romer met it didn't go as smoothly for Christina.

Comments

[DailyBail]

As long as we're turning Japanese, here's what Stiglitz had to say about it last week:

http://dailybail.com/home/dr-joseph-stiglitz-look-in-the-mirror-we-are-japan-video.html

[DailyBail]

The last time these 2 met on air.

http://dailybail.com/home/righteous-ratigan-attack-on-leverage-and-regulation-leaves-c.html

[James H]

I hadn't seen that earlier clip with Ratigan and Romer (where Mika apologizes for Dylan!) -- great clip.

[DailyBail]

Yeah. D Rat really rips into Romer in the earlier clip. I love it.