WaPo financial writer Steve Pearlstein, really the only half-decent guy they have now writing about the economy, had a good rant last night on the teevee and pointed out it was the bank stocks that sunk, suggesting the Obama program foregoes the deficiency of oiling them to their hearts content.
Since this is PEN-L, would we expect a policy we liked to boost the value of financial assets? -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Michael Perelman Sent: Tuesday, February 10, 2009 6:20 PM To: David B. Shemano; Progressive Economics Subject: Re: [Pen-l] Fwd: Stocks Slide as New Bailout Disappoints David has proven that Obama has succeeded in creating a post-partisan consensus. On Tue, Feb 10, 2009 at 03:10:00PM -0800, David B. Shemano wrote: > Jim Devine asks: > > >> do these financiers and speculators know something we don't? > > That the speech further evidences that Timothy Geithner isn't any smarter today as Treasury Secretary than he was previously as President of the NY Fed, where he misread the economy and made bad policy recommendations, and has no frickin clue what he is doing? > > David Shemano > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
