Too Big to Save? Stiglitz, Johnson, and Hoenig at the JEC -- prepared statements

[cjppjc]

Re: Too Big to Save? Stiglitz, Johnson, and Hoenig at the JEC -- prepared statements

It is curious. The Vice-Chair of the Joint Economic Committee is Charles Schumer (D-NY), among the biggest Wall Street whores in Congress. I say it's fat chance anything comes from this hearing in the short or medium terms. But at the very least, it is important to have the testimony of Johnson, Stiglitz, and Hoenig on the record.

Yes. That particular breed of animal. The Northeast Liberal Democrat. He will eat anything his master provides. Do any trick taught him. But watch your back. They are known to turn when it suits their purpose.

[Chomsky]

Re: Too Big to Save? Stiglitz, Johnson, and Hoenig at the JEC -- prepared statements

Yes. That particular breed of animal. The Northeast Liberal Democrat. He will eat anything his master provides. Do any trick taught him. But watch your back. They are known to turn when it suits their purpose.

Er, not really. It's the Wall-Street-itself-is-my-base politcian. What do you expect a NY senator to do?

[cjppjc]

Re: Too Big to Save? Stiglitz, Johnson, and Hoenig at the JEC -- prepared statements

Er, not really. It's the Wall-Street-itself-is-my-base politcian. What do you expect a NY senator to do?

I guess it shows what the expectations of elected officials are. Getting away from the northeast liberal animal for a minute. There is no leadership anywhere to be found. The ones who say don't spend taxpayer money on these institutions, seem only to be pandering. I'm sure Ron Paul is all over this. He just can't get his hands on even a kazoo, much less a bullhorn.

[Chomsky]

Re: Too Big to Save? Stiglitz, Johnson, and Hoenig at the JEC -- prepared statements

I guess it shows what the expectations of elected officials are. Getting away from the northeast liberal animal for a minute. There is no leadership anywhere to be found. The ones who say don't spend taxpayer money on these institutions, seem only to be pandering. I'm sure Ron Paul is all over this. He just can't get his hands on even a kazoo, much less a bullhorn.

Ron Paul's a Representative, not a Senator; as such, he represents a much smaller group of constituents, ones who like kazoo music. There are extremely few (any?) kazoo-playing Senators.

[cjppjc]

Re: Too Big to Save? Stiglitz, Johnson, and Hoenig at the JEC -- prepared statements

Ron Paul's a Representative, not a Senator; as such, he represents a much smaller group of constituents, ones who like kazoo music. There are extremely few (any?) kazoo-playing Senators.

At the risk of belaboring this point of this disagreement. Leadership is leadership.

[D-Mack]

Re: Too Big to Save? Stiglitz, Johnson, and Hoenig at the JEC -- prepared statements

Ron Paul's a Representative, not a Senator; as such, he represents a much smaller group of constituents, ones who like kazoo music. There are extremely few (any?) kazoo-playing Senators.

It's a dangerous life to be flying all the time

Senator Paul Wellstone, Democrat of Minnesota, said that Congress had ''seemed determined to unlearn the lessons from our past mistakes.''

''Scores of banks failed in the Great Depression as a result of unsound banking practices, and their failure only deepened the crisis,'' Mr. Wellstone said. ''Glass-Steagall was intended to protect our financial system by insulating commercial banking from other forms of risk. It was one of several stabilizers designed to keep a similar tragedy from recurring. Now Congress is about to repeal that economic stabilizer without putting any comparable safeguard in its place.''

http://www.nytimes.com/1999/11/05/bu...1&pagewanted=1