OS believes in reading a wide variety of views, since he has the same bad habit as everyone else: Reading stuff that always reinforces what one already believes.
Bob McTeer is an essentially sober soul, with an impressive resume.
He takes the view that TARP, the extraordinary Fed actions, etc., were necessary and did avert a worse disaster. And, that the current course of governmental spending is unsustainable.
There's a lot left unsaid here, that OS wishes would be said, especially about the moral hazard baked into the culture--'If I'm a really big player, I can be reckless, 'cuz help is always on the way.' Think AIG...
But, still, perhaps his little piece of turf is something everyone could stand on while they work out the painful details of WhatHappensNext.
Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts
Wednesday, March 2, 2011
Friday, February 12, 2010
Elizabeth Warren For President--No Teleprompter Required
One of the happier events of the past couple of years has been the emergence of Elizabeth Warren from the shadowlands of academia into a public role as the official TARP whistleblower.
She is very, very smart. She is plain-spoken, explains big complex problems in an understandable fashion. She uses language to communicate and illuminate, not to evade and confuse.
In other words, she does not engage in double-talk, like Zimbabwe Ben, TurboTax Timmy, President Teleprompter, Miss Nancy and Mr. Harry.
Like the rest of us, she is exasperated with what has happened, and what continues to happen. You can tell by her demeanor, she doesn't suffer fools gladly. She's not running for anybody's office. She acts like someone who would rather go home, pet her cat, tend her garden, supervise her grad students, and otherwise be left the hell alone.
OS salutes her, and wonders if she couldn't be kidnapped and installed as head of Treasury, or the Fed, or President for a few years. If the Senate had fired ZB's scurvy behonkus, we could've hired Elizabeth, you know....
Today, her office issued an extensive report on the coming crunch for the community banks due to the commercial real estate deflation.
She made an appearance this afternoon on Fox Business, shared below. It's a lively and funny conversation, especially toward the end. She concludes with the thought, 'If you want to gamble, use your own money, and if you go down, just make sure you don't splash on the rest of us.'
OS hopes you take the time to enjoy this. Warren really is on her game here.
She is very, very smart. She is plain-spoken, explains big complex problems in an understandable fashion. She uses language to communicate and illuminate, not to evade and confuse.
In other words, she does not engage in double-talk, like Zimbabwe Ben, TurboTax Timmy, President Teleprompter, Miss Nancy and Mr. Harry.
Like the rest of us, she is exasperated with what has happened, and what continues to happen. You can tell by her demeanor, she doesn't suffer fools gladly. She's not running for anybody's office. She acts like someone who would rather go home, pet her cat, tend her garden, supervise her grad students, and otherwise be left the hell alone.
OS salutes her, and wonders if she couldn't be kidnapped and installed as head of Treasury, or the Fed, or President for a few years. If the Senate had fired ZB's scurvy behonkus, we could've hired Elizabeth, you know....
Today, her office issued an extensive report on the coming crunch for the community banks due to the commercial real estate deflation.
She made an appearance this afternoon on Fox Business, shared below. It's a lively and funny conversation, especially toward the end. She concludes with the thought, 'If you want to gamble, use your own money, and if you go down, just make sure you don't splash on the rest of us.'
OS hopes you take the time to enjoy this. Warren really is on her game here.
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