Sachs Unloads Again on Wall St-Washington Incest
Posted by Larry Doyle on May 1, 2013 7:35 AM |
A few days ago Columbia University’s Jeff Sachs delivered a diatribe on the crony corruption pervasive in the Wall Street – Washington dynamic to a cadre of elites in attendance at a Philadelphia Federal Reserve symposium.
Well, yesterday Sachs took his message to the masses in the midst of an exchange on MSNBC’s Morning Joe.
Selected other liberal contributors to this exchange seemed to me to be almost embarrassed by the beating Sachs put on the “bought and paid for” crowd atop Capitol Hill and others residing and working at 1600 Pennsylvania Avenue.
Grab a second cup of coffee and watch this clip from the 3:30 mark. It will only take you 8 minutes and it is well worth it.
Sachs cements his position in the Sense on Cents Hall of Fame with his recent deliveries. As for Dodd-Frank, this blog will hereby refer to that pathetic piece of reform legislation as Fraud-Dank. Thank you Mr. Sachs.
Any doubt that our pols and regulators are “in bed with Wall Street?”
I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.