Insiders Who Created Financial Crisis Should Be Trusted to Fix It?
By David Sirota
March 24, 2008 - 8:47am ET
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Only in a truly corrupt political system would a presidential candidate tell us her campaign donors who created a financial crisis should be the ones appointed to fix that same crisis. That's precisely what's happening right now. As the Associated Press reports:
Democrat Hillary Rodham Clinton called on President Bush on Monday to appoint "an emergency working group on foreclosures" to recommend new ways to confront the nation's housing finance troubles. The New York senator said the panel should be led by financial experts such as Robert Rubin, who was treasury secretary in her husband's administration, and former Federal Reserve chairmen Alan Greenspan and Paul Volcker. (emphasis added)
So let me get this straight - people who created the current financial crisis like Alan Greenspan and Citigroup's Bob Rubin (the latter who raises big cash for Clinton) - these are the people we should trust to fix it? And even worse, we should trust Rubin - a guy who will personally profit from a government bailout - to be on the commission that would shape that bailout?
Views expressed on this page are those of the authors and not necessarily those of Campaign
for America's Future or Institute for America's Future

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