General Discussion
In reply to the discussion: Barney Frank drops a bombshell: How a shocking anecdote explains the financial crisis [View all]appalachiablue
(41,113 posts)the finance industry and others in the last 6 years.
In a recent interview on FSTV, awarded journalist Ron Suskind gave a lecture on his 2012 book, 'Confidence Men'. He focused on operations taking place in the WH administration during the financial crisis. In his view, the women around, Christina Rohmer, WH economic council advisor, Sheila Baird FDIC, Elizabeth Warren and Hillary Clinton are all very practical, tough and steady as opposed to some of the males in banking and leadership roles.
It was also Brooksley Born, CTFC, chief financial regulator who sounded The Warning in 1988 to Greenspan, Rubin, Levitt, Geithner and Summers about the dangers of high risk financial derivatives. Although her charges were dismissed she turned out to be right.
In the next Democratic WH and cabinet I look forward to a change of staff to economists and financial experts like Krugman and Stiglitz rather than WS bankers. Richard Trumka of the AFL-CIO has already expressed to Clinton Hillary there must be a different team for support.