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Octafish

(55,745 posts)
4. What would Goldman think of that?
Sat Feb 6, 2016, 01:41 PM
Feb 2016

Thank you for the heads-up, amborin. The money involved is staggering. The cost to Democracy is incalculable. And it's how the Establishment stays that way -- keep the peons worried about where their next meal is coming from, not why the rich keep getting rich.

Larry Summers: Goldman Sacked

By Greg Palast
Reader Supported News, September 16, 2013

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/


What's Brooskley Born doing these days?


Recommendations

0 members have recommended this reply (displayed in chronological order):

...a government that delivers austerity? Ferd Berfel Feb 2016 #1
DU, is the Sequester over? Octafish Feb 2016 #2
Fucking Alan Dulles sided with the Nazis. Fuddnik Feb 2016 #7
Excellent book.. Truth! mountain grammy Feb 2016 #16
Yes, so true, and Ho Chi Minh was never our enemy.. mountain grammy Feb 2016 #17
Special interests.. speaktruthtopower Feb 2016 #29
$6.8 billion in tax savings for just one hedge fund amborin Feb 2016 #3
What would Goldman think of that? Octafish Feb 2016 #4
I'm a huge Jim Simons fan. One of the most brilliant humans of all time. Lucky Luciano Feb 2016 #13
Is he a friend of William K. Black, too? He'd make a great AG as he knows what Fraud is. Octafish Feb 2016 #32
What the savings in taxation to ONE Hedge Fund could buy the American People... MrMickeysMom Feb 2016 #5
Hillary will tell them to cut out their shenanigans mindwalker_i Feb 2016 #6
Just like Obama did in '08! No socialism for the 99.99 percent! Octafish Feb 2016 #21
Been saying that for some time now, he has. n/t dixiegrrrrl Feb 2016 #8
Yes, he did. nt antigop Feb 2016 #9
When he said that at the debate... Ned_Devine Feb 2016 #10
That and the dreaded media Marty McGraw Feb 2016 #20
Kicked and recommended. Uncle Joe Feb 2016 #11
The way I understand things, people on Wall Street are doing things that are flat out illegal. brewens Feb 2016 #12
K & R for the whole thread. Duppers Feb 2016 #14
Matt Taibi's article today ymetca Feb 2016 #15
Wow! Matt succinctly nailed it! Duppers Feb 2016 #24
Clinton via CNN now saying, why would WS be running $6 million ads against me if they didn't Jefferson23 Feb 2016 #18
The comfort of the rich depends on an abundant supply of the poor. Voltaire Tierra_y_Libertad Feb 2016 #19
Hence their "pro-life" movement? ErikJ Feb 2016 #23
A valid observation. Tierra_y_Libertad Feb 2016 #25
Bernie was found guilty of fraud and went to jail. ErikJ Feb 2016 #22
Chuckie tried to dismiss it as silly by claiming it CAN'T be because pensions are in there.... Spitfire of ATJ Feb 2016 #26
It's gambling with OUR money. Heads they win, tails WE lose. nt Romulox Feb 2016 #27
Some people get richest betting on the abject failing of the masses' investments. valerief Feb 2016 #28
K&R Jenny_92808 Feb 2016 #30
Go Bernie! jonestonesusa Feb 2016 #31
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