Monday, January 14, 2013

A Worthy Successor to Tim

Jack Lew will be our next Treasury Secretary.  Should I have said 'our' secretary?  It looks as though he is close to a clone of Tim in his links to and support of the Too Big To Fail investment houses that were responsible for the massive deregulation that caused the Great Recession.  His background, like Tim's, includes a stint at Citicorp, a follower of Rubin, espousal of austerity.

Will the second term be worse than the first?

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