All across America, Wall Street is grabbing money meant for public workers
Joseph Stiglitz couldn’t believe his ears. Here they were in the White House, with President Bill Clinton asking the chiefs of the US Treasury for guidance on the life and death of America’s economy, when the Deputy Secretary of the Treasury Larry Summers turns to his boss, Secretary Robert Rubin, and says, “What would Goldman think of that?”
Then, at another meeting, Summers said it again: What would Goldman think?
Unchecked perpetrator of outright evil.
Click picture or text above for story: “Larry Summers: Goldman Sacked!”
Click “This is Hell” banner above to listen to #762 Podcast where Greg Palast gives the back story to this memo leak and hear Thomas Frank expound on the general state of affairs brought about by our venal deregulated financial/governmental culture.
NB: Palast and Frank both went to University of Chicago and rubbed elbows with the “masterminds” our “reigning economic doctrine” – essentially neo-liberalism.
The “This is Hell Radio” show is one of the best shows out there. I highly recommend listening every week.
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Why Larry Summers Should Not Be Permitted to Run Anything More Important than a Dog Pound
Exceptionally Mediocre on a Global Scale