The Obama Economic Team in the Land of Oz
Paul Volcker’s proposal to break up big banks is absent from the financial reform bill, leaving open the possibility of regulators capitulating to big banks. Jacob Lew's claim to fame is cutting deficits during booming economy of the Clinton years. Wonder how he'll respond to pressure to stimulate the near depression economy through spending. Elizabeth Warren is a heroine to the American people, pushing for the realization of the Federal Consumer Protection Agency. But her honesty and outspokenness have brought her into conflict with Secretary of the Treasury, Tim Geithner. We'd all like to have some emerald slippers to take us home.
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