Dean on BBC: Wall Street Hasn't Created Any Jobs, created wealth for Wall Street

[madfloridian]

Run time: 03:06 https://www.youtube.com/watch?v=9ydVtSibGNg   Posted on YouTube: January 26, 2010 By YouTube Member: Views on YouTube: 0   Posted on DU: January 26, 2010 By DU Member: madfloridian Views on DU: 1050

 
Says his family goes back 4 generations on Wall Street so he hates to say it...he doesn't think anyone from Wall Street has very much credibility about financial regulations. They got away with some very bad things and the rest of us had to pay for it...on both sides of the Atlantic.

Says we did well under Glass-Steagall, it was when it went away that we got in trouble.

Wall Street has not contributed much to economic recovery.

[flyarm]

1. This Fed Chief Brought to You by Enron

This Fed Chief Brought to You by Enron
By: emptywheel Monday January 25, 2010 7:59 am

http://emptywheel.firedoglake.com/2010/01/25/this-fed-chief-brought-to-you-by-enron/

Just wanted to throw two tidbits into the debate on Ben Bernanke’s reconfirmation. First, this quote, which needs no explanation.

In the event that Bernanke isn’t confirmed, several sources say, Federal Reserve Board Vice Chairman Donald Kohn likely would be elevated to acting chair of the U.S. central bank. Bernanke would be entitled to stay on the board until his term as a Fed governor expires in 2020, but the sources said Bernanke could instead return to a professorship at Princeton University.

Possible successors to Bernanke include three people currently advising Obama on the economy, former Fed chief Paul Volcker, Larry Summers and Christina Romer.

Kohn was traveling in Europe at the end of the week on Fed business, but strategy on the Bernanke confirmation was being led by former Enron lobbyist Linda Robertson, who is viewed as an effective advocate for the banking chief on Capitol Hill.

read the rest at the link



edit to add...



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JasonLeopold January 25th, 2010 at 10:40 am
15

Feb 22, 2001: Enron chairman Ken Lay and Enron lobbyist Linda Robertson met with energy task force executive director Andrew Lundquist to discuss energy policy.

April 17, 2001: Enron chairman Ken Lay and Enron lobbyist Linda Robertson met with Vice President Cheney for 30 minutes to discuss energy matters, including the California energy crisis.

April 20, 2001: Enron lobbyist Linda Robertson sent an e-mail to White House economic advisor Robert McNally.

May 23, 2001: White House economic advisor Robert McNally met with Enron lobbyists Linda Robertson and Richard Shapiro.

[democracy1st]

2. K & R

[Skink]

3. As a Deniac I had no idea he understood finance like this.

This is probably the reason that he was an incredible DNC chair. If only he had been President.

[justicia]

4. MY HERO - INTELLIGENT/HANDSOME/KIND/OPEN MINDED/FAIR.

KEEP UP THE GOOD WORK MR. DEAN - MIS RESPETOS.

[LatteLibertine]

5. He's right

I was hoping President Obama was going to be the President who promoted economic and social justice. I feel we've largely been fed hollow excuses while business as usual continues. It's not a new start or direction to defend and promote folks like; Geithner, Summers and Bernanke.

The anti-incumbent movement is correct because both parties have not represented the interests of the overwhelming majority of United States citizens over the most wealthy minority. Incumbents need to know, regardless of party, if they adhere to this path they will find themselves out of office. Wall Street has the cash and we have the raw numbers/votes. So flip them until they get the message and start representing us appropriately.

If folks stick together and stay motivated a change may occur. If we keep supporting puppets of the most wealthy minority because they are a member of our party, whatever that party may be, nothing will change.

[spicegal]

6. Love this man. I trust him, and people should listen to him. He's very smart.

[Jefferson23]

7. Thank you Dean, I hope you keep this up. I asked my elected reps

recently if they were going to push for reinstating Glass-Steagall, yes or no. Not one has responded back.

[tomm2thumbs]

8. smart, smart, smart - and then some

he must be a threat to someone for not keeping him in the administration's circle

i wonder who

[projective]

9. wall street

really is evil