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brooksley-born

Robert Scheer

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When will the president give Lawrence Summers his pink slip? He can thank him for his years of service and use the excuse that his top economic adviser wants to spend more time with his family. I don’t care how he sugarcoats it.When will the president give Lawrence Summers his pink slip?

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Former Fed chief Alan Greenspan faced the proverbial firing squad, or in this case the congressionally appointed Financial Crisis Inquiry Commission, to answer questions Wednesday about his leadership choices at the Fed with regard to some key factors that triggered the financial implosion in 2008.

Robert Scheer

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It would be nice to blame Ronald Reagan for the economic meltdown, as Paul Krugman did recently, but the facts don't support it. Unfortunately, the real villains are closer at hand.

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There has been much hand-wringing, not to mention finger-pointing, regarding who knew what, and when, about the financial calamities that have recently come to pass. However, Brooksley Born and Sheila Bair won't be counted among the willfully or accidentally ignorant: They've been named this year's winners of the JFK Profile in Courage Award for sounding the alarm far ahead of time.

Robert Scheer

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Bernie Sanders, the senator from Vermont who is independent in spirit as well as party label, has placed a hold on President Obama’s nomination of Gary Gensler to head the Commodity Futures Trading Commission. Sounds like a minor issue to get worked up about, but I see this appointment as further evidence that the president has entrusted his economic policy to the wrong people.

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