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.
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.
Labels:
Corruption
,
Finance
,
Philosophy
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