tag:blogger.com,1999:blog-3116442395849122822.post3350828225644510513..comments2024-03-12T14:31:50.264-07:00Comments on Bits and Pieces: A Recurring Summer(s) NightmareHarry Lewishttp://www.blogger.com/profile/17088418333536732728noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3116442395849122822.post-14739074767143237442013-08-03T09:55:34.280-07:002013-08-03T09:55:34.280-07:00Weird. Like some male dominance ritual, a ploy for...Weird. Like some male dominance ritual, a ploy for putting your adversary on the defensive??!Harry Lewishttps://www.blogger.com/profile/17088418333536732728noreply@blogger.comtag:blogger.com,1999:blog-3116442395849122822.post-81682643789964509952013-08-03T04:19:46.944-07:002013-08-03T04:19:46.944-07:00Funny, I had an experience with Summers hugely sim...Funny, I had an experience with Summers hugely similar to the one Peter Goodman describes when I was reporting an article for the Boston Globe magazine about Summers' return to campus and his relationship with Drew Faust. After repeated attempts to get Summers on the phone, he and I finally connected (I think he called me), and Summers accused me of not having called him; when I protested otherwise, in so many words he called me a liar. <br /><br />I responded that I would be happy to send him my phone records, and he promptly shut up.Richard Bradleyhttps://www.blogger.com/profile/01176358869678821740noreply@blogger.comtag:blogger.com,1999:blog-3116442395849122822.post-7056421968715297102013-08-02T05:04:30.743-07:002013-08-02T05:04:30.743-07:00This comment has been removed by a blog administrator.Lite Forexhttps://www.blogger.com/profile/16665543034398561731noreply@blogger.comtag:blogger.com,1999:blog-3116442395849122822.post-57325668595770051592013-07-27T18:53:15.505-07:002013-07-27T18:53:15.505-07:00Given former US Sen. Ted Kaufman's conclusion ...Given former US Sen. Ted Kaufman's conclusion that the Dodd-Frank Act has failed to reduce "too big to fail" systemic risk of the big banks (see http://thewordenreport.blogspot.com/2013/07/did-wall-street-write-dodd-frank.html), the need is greater for the Fed to keep a watchful eye on the megabanks, which are still engaging in high-risk trades. (on this point, see http://thewordenreport.blogspot.com/2013/05/can-federal-reserve-handle-banks-too.html) Paul Volcker would not pull any punches. He took care of inflation in the early 1980s and pushed the "Volcker Rule" even as lawmakers and regulators have weakened it in line with the interests of Wall Street. In contrast, Larry Summers pushed for the repeal of the law that had kept commercial and investment banking separate (the Glass-Steagall Act) and lobbied Congress to keep financial derivatives unregulated in the late 1990s. (See http://thewordenreport.blogspot.com/2012/07/foe-of-glass-steagall-break-up-big-banks.html) Is there a learning curve here or is history bound to repeat itself?Dr. Wordenhttps://www.blogger.com/profile/02867414605883311000noreply@blogger.comtag:blogger.com,1999:blog-3116442395849122822.post-1709465410697309012013-07-25T21:34:56.177-07:002013-07-25T21:34:56.177-07:00Makes ya wonder if those crazies who claim Obama i...Makes ya wonder if those crazies who claim Obama is trying to destroy the U.S. really aren't. Well, yes. They are. But even a broken clock gets the time right twice a day.Mauricehttps://www.blogger.com/profile/00762719361348572568noreply@blogger.com