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dmallind

(10,437 posts)

61. So you want somebody who WASN'T smart enough to see that?

Tue Jan 10, 2012, 03:15 PM

Jan 2012

Could he have stopped the meltdown? No.

Did his hedging accelerate or worsen it in any way? No.

Who did the money he made come from then? People who bet that bundled high risk subprime mortgages were GOOD investments and by certain implication wanted the fraudulent practices to continue.

Would YOU turn down money on that basis? Do you want somebody in one of the toughest jobs in the world who doesn't have the insight needed to understand the economy? Again if he had caused the problem or defrauded borrowers it would be one thing - but he made money betting, correctly, that the CDO shysters were WRONG.

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MSNBC: William Daley resigning as Chief of Staff [View all] flpoljunkie Jan 2012 OP

A bit more from Talkingpointsmemo... flpoljunkie Jan 2012 #1

This message was self-deleted by its author HereSince1628 Jan 2012 #2

The building would be practically empty. Sigh. leveymg Jan 2012 #7

There would be no one left in the Obama adminsistration,,, INdemo Jan 2012 #10

Biden? Joe "I never met a credit card company or a pharmaceutical company I didn't love" Biden? yardwork Jan 2012 #12

Yup, that's the one, but don't tell anyone else on this site, russspeakeasy Jan 2012 #15

Daley kind of stepped aside recently, didn't he? elleng Jan 2012 #3

TPM writes OMB Budget Director Jack Lew will take over the position. flpoljunkie Jan 2012 #6

Hmm, wonder if he is going to work in the campaign team. MGKrebs Jan 2012 #13

Well that was quick, no? Little Star Jan 2012 #4

yep, don't let the door hit you on the way out. southernyankeebelle Jan 2012 #5

will he be replaced with another corporate bootlick like Daley and Rahm? yurbud Jan 2012 #8

Apparently not. Jack Lew was also Bill Clinton's Budget Director. flpoljunkie Jan 2012 #9

Yes. Lew is a former Citigroup executive. n/t totodeinhere Jan 2012 #14

*sigh* harun Jan 2012 #16

why not cut out the middle man and give Obama the receptionist desk outside Lloyd Blankfein's office yurbud Jan 2012 #20

Truth in the organization chart. nt hay rick Jan 2012 #27

They both could do God's work. n/t Hotler Jan 2012 #44

dammit nt Vanje Jan 2012 #33

Yes _ed_ Jan 2012 #54

the only positions in government guys like that should be taking is in a prison cell. yurbud Jan 2012 #57

Must look forward, not backward _ed_ Jan 2012 #60

Might we finally see a tiny bit of the "CHANGE" Hubert Flottz Jan 2012 #11

not a chance in Hell SixthSense Jan 2012 #17

please, sir, may I have a bit more? The fat cats have eaten so much they've fallen asleep yurbud Jan 2012 #21

DANGER, Will Robinson, DANGER!!! chervilant Jan 2012 #39

And don't you forget it! Hubert Flottz Jan 2012 #43

I am ever so grateful for the list, but the fat cats got far more, and I'm still hungry. yurbud Jan 2012 #48

I'll be the FIRST to propose that DU en masse advises the President! Blue_Tires Jan 2012 #18

Only if polls and unrec come back... ellisonz Jan 2012 #40

hmph chervilant Jan 2012 #66

sweet home chicago... madrchsod Jan 2012 #19

JP Morgan out and CitiGroup in _ed_ Jan 2012 #22

Did anyone even bother to look up anything about Lew? OKNancy Jan 2012 #23

Thank you OKNancy Tinksrival Jan 2012 #24

I miss that about DU, also. All the liberals and researchers keep getting kicked off & tombstoned. loudsue Jan 2012 #32

+1 Wind Dancer Jan 2012 #58

Of course not.. they are too busy crafting their clever complaints. DCBob Jan 2012 #26

Decent guy? Only if you're in the 1% _ed_ Jan 2012 #52

So you want somebody who WASN'T smart enough to see that? dmallind Jan 2012 #61

If you're defending someone who shorted the housing market, _ed_ Jan 2012 #62

What, precisely, did his actions do to hurt normal folks and how? nt dmallind Jan 2012 #63

Are you serious? _ed_ Jan 2012 #64

I'm adding my thanks to the others. BlueMTexpat Jan 2012 #29

Pesky facts like this: _ed_ Jan 2012 #55

Interesting! In a GOOD way! BlancheSplanchnik Jan 2012 #30

Jumped to negative assumptions? _ed_ Jan 2012 #53

would you mind posting your reply to BlancheSplanchnik Jan 2012 #59

+1 Politicub Jan 2012 #34

OK...the guy was good BEFORE he hit Citigroup Ken Burch Jan 2012 #36

HuffPo: He was a hedge fund executive who made money off from mortgage defaults totodeinhere Jan 2012 #37

Thank You OKNancy! HDPaulG Jan 2012 #38

Post 38, read post 37 Jakes Progress Jan 2012 #46

Are you interested in learning what he did at CitiGroup? _ed_ Jan 2012 #56

+100,000 ellisonz Jan 2012 #41

Well, when you get whacked in the knee over and over and over progressoid Jan 2012 #45

Yes, I did _ed_ Jan 2012 #50

We'll see soon enough. harun Jan 2012 #51

If he had named Howard Dean as COS replacement, I would work my precinct for him. PassingFair Jan 2012 #25

Paul Wellstone thought highly of him OKNancy Jan 2012 #28

Wellstone was his faculty advisor at Carleton - the article doesn't really say if Paul liked him or dflprincess Jan 2012 #31

Whoa. Reading Wellstone's mind. Cute trick. Jakes Progress Jan 2012 #47

Noooo! ellisonz Jan 2012 #42

Good riddance to bad rubbish. Ken Burch Jan 2012 #35

the closest the GOP came to that was Papa Bush who always seemed uncomfortable with the rest of us yurbud Jan 2012 #49

Rubbish out, rubbish in _ed_ Jan 2012 #65

so it's rubbish with a different logo. Ken Burch Jan 2012 #67