Economic Perspectives from Kansas City
Policy Analysis from the Faculty at the University of Missouri-KC
http://neweconomicperspectives.blogspot.com/12/1/09 Bo Cutter’s Indictment of the Finance Industry
Bo Cutter has presented the best possible defense of Treasury Secretary Geithner. It is a remarkable defense because it is premised on a scathing indictment of Wall Street, theoclassical economics, modern finance, and the sycophants that the financial community installed as anti-regulators.
Indeed, Bo’s account is sometimes particularly credible because it is a confession. Bo was a managing partner of Warburg Pincus, a major global private equity firm and led President Obama’s Office of Management and Budget (OMB) transition team. His defense of Geithner provides so rich a vein of ore that I will mine it in three installments: (1) Bo’s indictment of the finance industry, Greenspan, Geithner, Paulson and Bernanke, (2) the martyrdom of Geithner, and (3) Geithner as Bo’s Last Action Hero.
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http://neweconomicperspectives.blogspot.com/2009/12/bo-cutters-indictment-of-finance.html12/2/09 Geithner as Martyr to an Ungrateful Nation: Bo Cutter’s Tragicomic Portrayal of Tim as Our “Man for all Seasons”
This is the second installment in my comments on Bo Cutter’s essay defending Treasury Secretary Geithner.
Bo was a managing partner of Warburg Pincus, a major global private equity firm and led President Obama’s Office of Management and Budget (OMB) transition team. He was Bob Rubin’s deputy at the National Economic Council. The first installment discussed Bo’s extraordinary indictment of the finance industry.
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http://neweconomicperspectives.blogspot.com/2009/12/geithner-as-martyr-to-ungrateful-nation.html12/3/09 Geithner as Our “Last Action Hero”
This is my third essay commenting on Bo Cutter's essay defending Treasury Secretary Geithner.
This essay provides an alternative view. I have written elsewhere of why Geithner's actions once he became Treasury Secretary were so harmful. This essay discusses his failures to act when he was President of the Federal Reserve Bank of New York (FRBNY).
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http://neweconomicperspectives.blogspot.com/2009/12/geithner-as-our-last-action-hero.html