0
POPSLarry Summers for Treasury Secretary Of course he's not the only one being mentioned to replace Hank Paulson if Obama wins on Tuesday. Other notables: FDIC Chairwoman Sheila Bair and former Treasury Secretary Robert Rubin. Here's a comprehensive list from Politico on what an Obama administration might look like.
1
POPSThe Hill: Soros Floats Bailout Plan with Dems Story, by The Hill's Alexander Bolton, picks up on George Soros' opinion piece in the Financial Times today http://www.ft.com/cms/s/0/d68e10cc-8f45-11dd-946c-0000779fd18c.html?nclick_check=1 The Hill story speculates that Soros "could jumpstart congressional negotiations in a new direction, especially now that some strategists believe the Paulson-based plan that failed Monday will be difficult to revive." Here's more on George Soros: http://www.forbes.com/lists/2008/10/billionaires08_George-Soros_L9II.html
1
POPSWill Obama Stop The Goldman to Gov't Express? Specifically, Grassley is concerned about a tax code change that paved the way for the acquisition of Wachovia by Wells Fargo. An ex-Goldman executive was leading Wachovia at the time of that deal. Here's the answer he'll get from Treasury and Paulson: these are dangerous times and anything that was done was for the good of the country. In other words, they'll drag out the old national security argument. Grassley will become a minnow in the next Democrat-controlled Congress. But the Democrats need to take up the baton, turn it into a club and see just what Paulson has been up to. As I've written before, Paulson has admitted that part of his job was to keep in touch with "market participants." Calling his friends on Wall Street - and especially at Goldman - would be an odd extension of the role of Treasury secretary and I certainly would like to know what he felt compelled to tell these folks.
0
POPSBu$h's Ba$e Bags Bailout Socialize the risk, privatize the profits. This is the new social capitalism we hear so much about. Funny, it used to be called crony capitalism.
by papananook 
Pops
Newest Clips
Latest Comments
Most Pops
Print
Save
Turn on live update