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Octafish

(55,745 posts)

3. Nobel Prize winning economist Joseph Stiglitz agrees with you 100-percent, L0oniX!

Mon Sep 1, 2014, 01:12 PM

Sep 2014

Larry Summers: Goldman Sacked

Monday, September 16, 2013
By Greg Palast for Reader Supported News

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?"

Huh?

Then, at another meeting, Summers said it again: What would Goldman think?

A shocked Stiglitz, then Chairman of the President's Council of Economic Advisors, told me he'd turned to Summers, and asked if Summers thought it appropriate to decide US economic policy based on "what Goldman thought." As opposed to say, the facts, or say, the needs of the American public, you know, all that stuff that we heard in Cabinet meetings on The West Wing.

Summers looked at Stiglitz like Stiglitz was some kind of naive fool who'd read too many civics books.

CONTINUED...

http://www.gregpalast.com/larry-summers-goldman-sacked/

"Money trumps peace." -- George Walker Bush, Feb. 14, 2007

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Highlight:

Return of the Evil Empire [View all] Octafish Sep 2014 OP

Making it safe for the WTO too. L0oniX Sep 2014 #1

Nobel Prize winning economist Joseph Stiglitz agrees with you 100-percent, L0oniX! Octafish Sep 2014 #3

I wonder if Hillary will be advised by Larry Summers. PADemD Sep 2014 #23

Well since she does speaking engagements for Goldman Sachs... L0oniX Sep 2014 #25

We HAVE learned some things over the past few years that once were extremely puzzling sabrina 1 Sep 2014 #31

Free Elections!!! dvduval Sep 2014 #20

The people DID decide in those regions, the coup govt in Kiev launched a military assault on them sabrina 1 Sep 2014 #32

This a must read. Wellstone ruled Sep 2014 #2

Integrity: since money was invented, a concept alien to the capitalist. Octafish Sep 2014 #6

It's in the Genes PeoViejo Sep 2014 #17

That is one dangerous threat to this country, the Bush family. And to other countries as we sabrina 1 Sep 2014 #34

Just about all of that is wrong, Benton D Struckcheon Sep 2014 #4

Sorry, but your sorry little post needs an education. truedelphi Sep 2014 #7

There's a lot of hypotheticals re Ukraine's resources, Benton D Struckcheon Sep 2014 #12

Could you possibly take the time on Tuesday to call up the Goldman Sachs truedelphi Sep 2014 #19

Goldman will do anything for money. Benton D Struckcheon Sep 2014 #21

i love you too Babe truedelphi Sep 2014 #27

No. Benton D Struckcheon Sep 2014 #29

When the world's most powerful imperial nation masterminds a coup, truedelphi Sep 2014 #50

I don't believe we masterminded a coup. Benton D Struckcheon Sep 2014 #60

What coup? nt Tommy_Carcetti Sep 2014 #64

Since you couldn't be bothered to read the material I cited, here it is in a nutshell: truedelphi Sep 2014 #67

Yanukovych left under his own willpower voluntarily. Tommy_Carcetti Sep 2014 #68

Oh so many loved Putin when Russia was the G-8. Octafish Sep 2014 #8

None of that has anything to do with Russia, Benton D Struckcheon Sep 2014 #9

And you could not be more wrong sadly. Just about everything in the OP is absolutely correct. sabrina 1 Sep 2014 #35

Five billion US dollars spent in the Ukraine could be as much as truedelphi Sep 2014 #5

From 2011: Goldman Sachs Is So Desperate To Get Into Ukraine It's Advising The Government For FREE Octafish Sep 2014 #10

Michael Parenti is totally amazing. truedelphi Sep 2014 #74

The $5.1 billion was given TO the Ukrainian government over the course of 22 years (1991 on). pampango Sep 2014 #30

I wonder how this is all going to play out... CJCRANE Sep 2014 #11

Money trumps peace crowd figures they'll survive. Octafish Sep 2014 #18

k&r for exposure. n/t Laelth Sep 2014 #13

It's like the 'Team B' concept never leaves Wall Street on the Potomac. Octafish Sep 2014 #22

K&R.... daleanime Sep 2014 #14

An Original Narrative Octafish Sep 2014 #24

The Rendon Group staged the 2004 Democratic National Convention when then Sen. Obama bobthedrummer Sep 2014 #49

I either forgot that or never knew it. Thank you, bobthedrummer! Octafish Sep 2014 #65

I know all too well how many are affected by events that are covered up to fit in the lie machines bobthedrummer Sep 2014 #71

Resurrecting the old pissing contest. K&R Tierra_y_Libertad Sep 2014 #15

Profound thought, that. Thank you, Tierra y Libertad! This august group agrees with you... Octafish Sep 2014 #39

K&R LongTomH Sep 2014 #16

You are most welcome, LongTomH. War means Money! Octafish Sep 2014 #44

And those IMF loans will need to be paid back at usurious rates requiring austerity to....... LongTomH Sep 2014 #51

Well, Hell I believe would be very Buy-Partisan. Octafish Sep 2014 #52

Counterpunch is one of my favorite websies Quantess Sep 2014 #26

Mine, too. Very little censorship, apart from the assassination of JFK... Octafish Sep 2014 #48

This needs a kick. Cleita Sep 2014 #28

Precisely malaise Sep 2014 #33

What a steaming load of bullshit. Pushes a false narrative while accusing others of doing so. Tommy_Carcetti Sep 2014 #36

When's the administration going to release its evidence for all that? It's been two months. Octafish Sep 2014 #37

You'd think a former spook like McGovern would know that the investigation is in Dutch hands... Tommy_Carcetti Sep 2014 #38

No. He's referring to evidence the President alluded to... Octafish Sep 2014 #40

So you're saying that if I believe Ukraine is unjustly under attack from Russia.... Tommy_Carcetti Sep 2014 #41

No. That's what you said. Octafish Sep 2014 #42

Funny thing, I didn't even mention NATO in the equation. Tommy_Carcetti Sep 2014 #43

So what? I think peace is better than war. Octafish Sep 2014 #45

The vast majority of us here, myself included, heartily agree with your general premise. Tommy_Carcetti Sep 2014 #46

Got it. Thanks. From your post I thought you were denigrating me as a 'Conspiracy Theorist.' Octafish Sep 2014 #47

Always be wary of affirming the consequent. Tommy_Carcetti Sep 2014 #54

Right you are. You don't think the US was behind the 2013 coup in Ukraine? Octafish Sep 2014 #57

No, even if only by the fact that there was no "coup". Tommy_Carcetti Sep 2014 #58

The Media Ignores the CIA in Ukraine Octafish Sep 2014 #62

It's actually very simple to get to the bottom of the "coup" issue. Tommy_Carcetti Sep 2014 #63

I notice that neither of the responses to your post bothered to try to refute your point about davidpdx Sep 2014 #75

I don't think there's any evidence to refute it. Tommy_Carcetti Sep 2014 #76

Do you support the actions of the current Kiev government, which appears to be falling apart, again sabrina 1 Sep 2014 #53

You're assuming that the reason the Ukrainians are fighting is to protect the IMF? Tommy_Carcetti Sep 2014 #55

You do know membership in the IMF is voluntary right? EX500rider Sep 2014 #56

You do know Ukraine already owes IMF $17 Billion? Octafish Sep 2014 #59

Yes most loans have terms it seems and the requirement to be paid back. EX500rider Sep 2014 #61

Apparently it isn't otherwise, Boroshenko, the Chocolate King, (dear alerters, he is known as sabrina 1 Sep 2014 #66

"Show me a success story related to the IMF" EX500rider Sep 2014 #73

I'll go with Joseph Stiglitz over Sebastian Mallaby. Octafish Sep 2014 #77

Octafish, the Stiglitz post is one juicy post! truedelphi Sep 2014 #78

Wow! Explains why Geithner sacrificed homeowners to ''Foam the Runway'' for the Banks. Octafish Sep 2014 #79

Nailed it - TBF Sep 2014 #69

Big KICK hifiguy Sep 2014 #70

K&R JEB Sep 2014 #72

Today's "Putin is blameless and this is all Washington's fault!!" piece... Blue_Tires Sep 2014 #80