MB Civic

Johnson, former Chief Economist for the IMF, has thoughts about Geithner “blocking Elizabeth Warren from heading the new Consumer Financial Protection Bureau” …

Financial “reform” is already very weak. If Secretary Geithner gets his way on consumers protection, pretty much all of the Democrats efforts vis-à-vis the financial sector’s treatment of customers have been for naught. Tim Geithner is sometimes compared to Talleyrand, the French statesman who served the Revolution, Napoleon, and the restored Bourbons – opportunistic and distrusted, but often useful and a great survivor with a brilliant personal career. In the end, of course, no one – including Talleyrand – proves indispensible. And everyone of this sort eventually pushes their luck too far. If the Democratic leadership really wants to win in the November elections, they should think very hard about the further consequences of Mr. Geithner

the Geithner/Warren story was first reported by the Huffington Post – mab .. read more