It was Bill Moyers who used
the expression “incestuous orgy” in this interview with former head of SIGTARP
Neil Barofsky to describe the relationship between major financial firms and
the Federal government. That beats the anodyne “revolving door” all day and I
hope becomes part of the lexicon for describing the capture of Washington by
Wall Street.
Barofsky describes not only
his experience at SIGTARP in fighting with the Paulson and Geithner Treasuries
to oversee the bailout program, but also his reasons for thinking a financial
crisis is inevitable
No comments:
Post a Comment