26 March 2009

IMF Economist Compares US to Argentina and Russia

Desmond Lachman, former deputy director of the International Monetary Fund's Policy and Review Department writes an OP/ED in the Washington Post todaysays what I have been saying for some time, that we are not tossing out the incumbents who created the mess, and that we are treating an solvency crisis as a liquidity crisis.

Mr. Lachman, a fellow at the right wing American Enterprise Institute (!) basically says that both Paulson and Geithner are handling the situation in a manner consistent with the most corrupt 3rd world nations.

Your mouth to Barack Obama's ear, dude.

0 comments :

Post a Comment