Join Date: Jun 2006
Lawrence B. Lindsey on US Crony Capitalism
Excellent video of Lawrence B. Lindsey, ex-Governor of the Federal Reserve System from 1991 to 1997, on CNBC followed by an article on Paulson and crony capitalism in which he is quoted.
Hat tip to member LargoWinch for the video!
(Note: the article is no longer available, not even in a cache on google. Maybe accusing the head of the US Treasury of crony-ism isn't good business for the Sun-Times.)Crony image dogs Paulson's rescue effort
Published: 12:00 AM Jul 17,2008
Chicago Sun-Times by ROBERT NOVAK
As financial storm signals appeared the last 18 months, some Bush officials urged drastic reform of Fannie Mae and Freddie Mac. But according to internal government sources, Treasury Secretary Henry Paulson objected because it would l...