The Bad Boys Responsible for our Financial/Economic Meltdown

Next time you see either Bob Rubin or Larry Summers pontificating on some talking heads show (e.g., "This Week" this week), remind yourself that these two (along with Alan Greenspan and Phil Gramm) created the mess we're in by scheming to prevent the US Commodity Futures Trading Commission from regulating credit default swaps. As Michael Greenberger pointed out on NPR's Fresh Air, these securities are the poster children of the greed orgy of the past 10 years. Don't let the bad boys of US financial policy get away with it. Write to any TV or radio news show (CNN, MSNBC, CNBC, FOX, CBS, ABC, etc) that airs an interview of any of these four bad boys without demanding that they explain their positions in the late 1990's against regulating CDS's.If we all do this, their inane answers may at the least prevent one or more of them from becoming senior officials or advisors in a McCain or Obama administration.But, don't trust me. See the New York Times Oct 8 article for a full description of our bad boys' role in our financial downfall at http://www.nytimes.com/2008/10/09/business/economy/09greenspan.html

Think I'm right? Think I'm all wet? Email me at jwagner@bethesda20817.net and I'll post your comment if it's not too raunchy.