Comments on: FDL Book Salon Welcomes Robert D. Auerbach, Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan’s Bank

By: bobschacht

bobschacht — Sat, 24 Oct 2009 23:22:48 +0000

Oops, its EPU time. However, any who continue to lurk here may be interested in the members appointed to the new commission:

In addition to Angelides and Graham, the other members named by congressional Democrats are Brooksley Born, former head of the Commodity Futures Trading Commission; Heather Murren, a retired managing director at Merrill Lynch; Byron Georgiou, a Las Vegas-based businessman and attorney; and John Thompson, Symantec Corp board chairman. The Republican appointees are Thomas, a former chairman of the House Ways and Means Committee; Holtz-Eakin; Peter Wallison of the American Enterprise Institute; and former National Economic Council Director Keith Hennessey.

Bob in AZ

By: bobschacht

bobschacht — Sat, 24 Oct 2009 23:10:59 +0000

Professor Galbraith,
The Pecora Commission did not become noteworthy until Pecora was named to head it. What do you think of the head of the new Financial Crisis Inquiry Commission, Phil Angelides, is he up to the job? Will he keep the committee sufficiently focused?

Bob in AZ

By: Scarecrow

Scarecrow — Sat, 24 Oct 2009 23:04:32 +0000

Thanks again. Well done, UT Austin.

By: Elliott

Elliott — Sat, 24 Oct 2009 23:01:25 +0000

Thank you both for a fascinating Book Salon, enjoyed it very much.

and as always, thanks Bev.

By: TheLurkingMod

TheLurkingMod — Sat, 24 Oct 2009 23:01:19 +0000

Scarecrow is upstairs! The Misplaced Concern About Whether the Public Option Would Be “Subsidized”

By: Robert D. Auerbach

Robert D. Auerbach — Sat, 24 Oct 2009 23:00:50 +0000

When Ryan Grim printed Chapter 9 of my book, “When Five Hundred Economists are Not Enough” on the Huffington Post and he wrote a very good follow up (September 7,2009) there was an interesting reacion The chapter details how the Federal Reserve sends money into academia.. The result can be biased research. As you can imagine many economists were not happy. .

By: James K. Galbraith

James K. Galbraith — Sat, 24 Oct 2009 22:58:49 +0000

Thanks to all for joining us, and thanks especially to Bob Auerbach for writing this terrific and important book.

It’s also, by the way, a great read.

By: James K. Galbraith

James K. Galbraith — Sat, 24 Oct 2009 22:58:12 +0000

paper flowers made with shredded currency…

By: James K. Galbraith

James K. Galbraith — Sat, 24 Oct 2009 22:57:34 +0000

Well then, how about setting up a new (or perhaps parallel) banking system, to finance investments in green energy, conservation and infrastructure reconstruction to meet the challenge of climate change?

That’s what we did in the 1930s to support the creation of a well-housed middle class, and it worked brilliantly until the deregulators ruined it.

Point is: the private sector exists in those particular sectors where the right incentives are created for it by the public sector and the structure of regulation.

By: Hugh

Hugh — Sat, 24 Oct 2009 22:56:24 +0000

The Obama plan is to revive what was. What we need is a re-industrialized base which is sustainable both in terms of energy and the environment.