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View Diary: Joe Stiglitz' Scathing NYT Takedown: “Why Janet Yellen, Not Larry Summers, Should Lead the Fed” (90 comments)

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  •  Because they are good at what they do, I think. (20+ / 0-)

    That group of people and my professional dealings with the corporate world is why I am not going to be counted as a part of the "anti-capitalist" crowd.  My view on corporations and the financial sector is not that they should not exists, but rather that they have been given too much power - power that by default will eventually lead them to cook the golden goose to meet some quarterly profit goal regardless of whether doing what they are doing will end their potential for quarterly profits in the next quarter.

    Plus my Dad worked for Wright Patman.  I had an early education in the value and rightful place of the banking system to which I adhere now.  Banks should serve the people and not the other way around.  Banks are in the service industry - their customers should be customers - not the fodder for wanton and reckless pursuit of quarterly profits.

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