Comments on: Volcker makes his move http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: MarkWolfinger http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/comment-page-1/#comment-11349 Thu, 21 Jan 2010 14:21:15 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/#comment-11349 I hope the news is ‘Geithner’s gone’

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By: jian1312 http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/comment-page-1/#comment-11336 Thu, 21 Jan 2010 06:28:12 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/#comment-11336 I meant ‘gorge’.

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By: jian1312 http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/comment-page-1/#comment-11335 Thu, 21 Jan 2010 06:26:11 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/#comment-11335 Gee, Felix, were you on Mars Tuesday? Did you not hear the shocker in Massachusetts (double-checked my spelling :D)?!

The President has finally realized (or so I hope) how angry, I mean raging-mad angry, ordinary people (including ‘bleeding heart’ liberals like myself) are about the unfairness of it all – bank bailout, huge bonuses bankers are awarding themselves, the brisk businesses lobbyists have been doing, the generous concessions given away to industries, the revolving door between lobbying and politicians and their staffers, …

He doesn’t need to be a populist to be a great president; in fact, I’d rather he makes good policy than pandering to voters. But there’s nothing wrong in aligning himself with the majority of the country and be mad at corporate excess.

His agenda seems to be, to put it simply, to moderate corporate behavior so their long-term interests are more aligned with the country’s. He’s really trying to save capitalism, by regulating it so it doesn’t gauge itself to death as we saw it almost did. He thought he could do that following Summers/Geithner’s school of economics, but now it turned out voters don’t think much of their ideas. So I say, good riddance to them, the sooner the better.

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By: EmilianoZ http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/comment-page-1/#comment-11334 Thu, 21 Jan 2010 06:05:36 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/volcker-makes-his-move/#comment-11334 Nate Silver actually predicted that the Dems would pick up a fight with the banks in 2010.

It might be a good strategy. It sure constitutes a formidable standard to rally your troops around in an election year. Also, you don’t want to fight the banks unless you have to. Obama probably waited one year to gauge if popular anger had died down. The humiliating defeat in Massachusetts clearly showed the rage is still here.

As Simon Johnson says, the Dems now have to force the Reps to state which side they’re on:
http://baselinescenario.com/2010/01/20/p aul-volcker-prevails/

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