Tuesday, April 07, 2009

An unusual recommendation

Larry Summers, Tim Geithner and Wall Street's ownership of government - Glenn Greenwald - Salon.com

Rare is the day that this blog suggests reading a post by the always hyperventilating Glenn Greenwald, but this lengthy one about how Obama's bailout is guided by the same people who got the world into the mess is worth reading.

(It also makes it clear that the need for regulation of the debt swaps that seem to be at the heart of the crisis was first apparent, and dismissed, in the 1990's under the Clinton administration.)

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