tinyurl.com/3vtjzy

copy paste url. for some reason, I can’ get tynyurl to link in preview

also a warning on the timeline – it’s a work in progress, i have a bunch of links and quotes i haven’t added yet and i still have lots of bills and some hearings to go through. it’s going to take awhile – but with all the conversation now about about obama’s economics team, i thought it might be a resource for others to use (and contribute to). for the brooksley born part of the story, i wrote a short summary (based on info in the timeline) and x-posted it as a diary at oxdown: Which Idiot Decided Not to Regulate Credit Default Swaps?.

last year i’d never heard of CDSs, CDOs, etc or many of the people. just trying to play catch up now.

re the revolving door. that’s a good one, i may have to put it on my timeline. there are so many (and i’ve only begun to stratch at the surface), here is another one, more well known:

in 1995 rubin becomes sec of the treasury, less than 2 months later he asks congress to repeal glass-steagall. in july 1999 rubin retires from the treasury and in oct 1999 joins citigroup. in nov 1999 glass-steagall is repealed (which permitted citicorp & travelers groups merger to proceed).

how delong et al. could take such offense that this stuff is noticed is beyond me. maybe it’s only us dfh who are permitted to notice – not one of their own.

Thasyboulos — thanks for the Brooksley Born link, a fascinating read.

Could either one of you give us a bit more backgound on Born? I haven’t run across her name before. Thanks!

Where was the wise man?

At the same time, Mr. Rubin pushed developing countries to open their markets to foreign competition while privatizing state-dominated economies. This approach eventually became known as the Washington consensus and gained deep traction in Latin America, East Asia and Eastern Europe, regions where Citigroup later aggressively pursued new business.

Overseas, Mr. Rubin’s legacy remains controversial nearly a decade after he left the Treasury. In Latin America, populist leaders have come to power in part by arguing that privatization and market-oriented reforms greatly enriched the elite but didn’t benefit the rest of the population.

here’s the Brooksley Born link…

http://www.derivativesstrategy…..0597qa.asp

on thing i think one bit is hirsh is over the top:

should be:

one bit where i think is hirsh is over the top: