The home buyers were duped and the taxpayers are going
to be cleaned out by these financial con artists.
If these financial con artists do not pay now, they will
come back again and again: S&L crisis, Long Term
Capital, Enron.
No white collar jails for those responsible. They go into the
general jail population, they are more dangerous than
drug dealers and thieves.

I speak not for Mr. Whalen, though, the idea that I came away with, was: “More of the Same.”

much like: Obama and McCain Teams Worked on Appointee List Together
November 25th, 2008

Via: Washington Note:

A senior Obama campaign official shared with The Washington Note that in July 2008, the McCain and Obama camps began to work secretly behind the scenes to assemble large rosters of potential personnel for the administration that only one of the candidates would lead.

Lists comprised of Democrats and Republicans were assembled, sorted into areas of policy expertise, so that the roster could be called on after the election by either the Obama or McCain transition teams.

Related posts:

Obama, McCain to Appear at Ground Zero on 9/11
McCain Accused of Accepting Improper Donations from Rothschilds
Ron Paul Warns of Great Shift Toward Global Government Under Obama
Antiwar Groups Fear Barack Obama May Create Hawkish Cabinet
OBAMA CONSIDERING JON CORZINE, ANOTHER FORMER GOLDMAN SACHS CHIEF EXECUTIVE, FOR TREASURY SECRETARY
http://cryptogon.com/?p=5280

So is he saying he wishes Bush and Paulsen were staying on?

Or is he proposing some alternative. If so what?

Consider me extremely impressed if this spring Obama takes a hard line stance with the American people, and conveys to them just how many sacrifices we will have to make to “begin” to get our country out of this mess. Somehow, I don’t think I’ll hold my breath, and I’d bet that the U.S. continues down its current path of becoming globally irrelevant. We’ll see…

with this: “As most of us commenters know, any fool can shoot off his mouth.”–the only issue I’ll take is that it is too broad, in context.

Whalen, for his own account, goes further: “All of these ‘rescues’ are a disaster for the taxpayer, for the financial markets and also for the Federal Reserve System as an organization. Geithner, in our view, deserves retirement, not promotion.”

Having a, clear enough, mind to see the obvious, and, better, the Stick to tell it, is, certainly, no sign of a fool.

Further, his other writings, available here@ TBP, at the minimum, show, agree, or not, that the Man is, again, not a fool.

That’s easy. It’s change from the asshats that have brought us to the brink for the last 8 years. What is your problem with experience and competence instead of unqualified frat boys like “heck of job brownie”?

I asked before what makes whalen an expert? Hedge fund, investment analyst? That is quite a bit less credibility than Geithner. Frankly, I never heard of whalen until BR’s two posts.

I’m not a Geithner backer or a detractor, but I would not discount the value of having someone “that was in the room’ on Obama’s team, at least initially. There are going to be legions of ass coverers coming out of the current administration, to and maybe the number one being Paulson. There is value to someone being able to throw the bullshit flag for a penalty in these situations.

It is obvious to me that advocates of Bob Rubin (possibly Robert Rubin, himself) laid down the gauntlet to CNBC (in terms they clearly understood) for their reporting of Citi’s decision to take on a greater risk profile in past years and Rubin’s input into that decision.

Sunday night, CG painted the story that it was all the making of Bob Rubin. Well, scratch that! I enjoyed Charlie’s recant very much, not for what he said; but, for what I know took place behind the scenes. It’s about damn time! Like a plain ‘ole Country TV Viewer, it was just splendid!