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Octafish

(55,745 posts)

7. What would Goldman think of that?

Sat Dec 13, 2014, 07:54 PM

Dec 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/

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The CIA is a United States SamKnause Dec 2014 #1

There's reality, and there's perception. True Blue Door Dec 2014 #2

As someone who intensely hated Nixon, I hate saying this: truedelphi Dec 2014 #3

It's a lie that Obama "allied" himself with bankers. True Blue Door Dec 2014 #5

Then plez explain his alegience to Tim Geitner, Lawrence Summers, Ben Bernanke, rhett o rick Dec 2014 #6

He prefers a "team of rivals" doctrine in choosing advisors. True Blue Door Dec 2014 #8

That's kind of a deflection don't you think?...... socialist_n_TN Dec 2014 #12

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Ah, the pony ... GeorgeGist Dec 2014 #29

"Team of rivals" doctrine. LOL. You gotta be kidding. They weren't advisors. They rhett o rick Dec 2014 #16

A 'team of rivals' would be made up entirely of people like you? ROFL! True Blue Door Dec 2014 #17

So you ran out of arguments and had to stoop to insults. Bring it. Pres Obama doesn't like rhett o rick Dec 2014 #20

Elizabeth Warren was one of his nominations. True Blue Door Dec 2014 #21

LOL. Still can't be decent can you? You came up with one example. And a lulu at that. Yes, rhett o rick Dec 2014 #24

Obama really is Satan in your universe, isn't he? True Blue Door Dec 2014 #25

I gave you a chance to argue in a decent manner and you just couldn't. You have no argument so rhett o rick Dec 2014 #26

I demand basic honesty from people I talk to, and give it in return. True Blue Door Dec 2014 #28

What would Goldman think of that? Octafish Dec 2014 #7

There are two things that have to be addressed in decisions. True Blue Door Dec 2014 #9

Good point. Octafish Dec 2014 #10

Summers was never nominated, so that claim is not justified. True Blue Door Dec 2014 #11

You are picking nits. Pres Obama's economic policies are conservative. His DoJ have been soft rhett o rick Dec 2014 #18

I am stating facts. Summers was not nominated, period. True Blue Door Dec 2014 #19

The facts are that Pres Obama has turned his back on the left and appointed only conservatives. rhett o rick Dec 2014 #22

You have an Elizabeth Warren avatar. True Blue Door Dec 2014 #23

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