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View Diary: Obama: Hire These Heroes from the Bush Era (Update x 5) (276 comments)

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  •  O'Neill on the bailout (1+ / 0-)
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    yoduuuh do or do not

    From Bloomberg by way of the LA Times from October:

    Former U.S. Treasury Secretary Paul O'Neill said the $700 billion bank-rescue proposal under negotiation in Washington is "crazy,'' with potentially "awful'' consequences for the world's largest economy.            

    "Doesn't this seem like lunacy to you?'' said O'Neill, who was President Bush's first Treasury chief, from 2001 to 2002, in a telephone interview today. "The consequences of it are unbelievably bad in terms of public intrusion into the private sector.''

    ... "Is anybody thinking there?'' asked O'Neill, who also served as deputy budget director in the Ford administration. "It's too late, it's not going to make any difference and it's aggravating as hell when there's a better idea and you can't even get it in play,'' he said, recognizing little success so far in pitching his own proposal.

    "As Putin rears his head and comes into the air space of the United States of America, where do they go? It's Alaska" -- Gov. Sarah Palin

    by makemefree on Wed Nov 26, 2008 at 11:48:00 PM PST

    [ Parent ]

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