Peter Orzag is turning out to be a god-send to Obama-Biden, deflecting the worst that the GOP spin machine throws at him with alacrity.
Ben Bernanke ... I don't know what to think. I don't like these dodges that there continues to be no framework to deal with 'too big too fail'. As the chief regulator, should the FED take part in suggesting an approach? Is that too political for the FED? Should Volker do it? Should the loyal opposition seize the day (especially that Senator from South Carolina who inquires a lot, but never seems to have any legislation himself)?
Tim "Timmeh" Geithner ... He's getting closer to articulating, concisely, a vision. He still needs to sharpen it up and take it on the road, when the time is right. A visit to those who do public speaking skills would still be a nice thing for him to do....
Separately, I found out yesterday that Marty Feldstein was on the board of AIG's Financial Products group ... gulp!
Wednesday, March 4, 2009
Testimony Redux
