Reagan’s Budget Chief on Budget Reforms

by Dual Income No Kids on February 15, 2010 · 1 comment

Following up on our post from PBS News Hour on how Goldman Sachs is leveraging the bailout funds to make money off of taxpayers, we wanted to also share this video from PBS.

Hear what Reagan’s former budget chief defends Obama’s budget reforms and pressures congress to be harder on banks.

Tell us what your thoughts are.

Miel

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{ 1 comment… read it below or add one }

1 Tim February 15, 2010 at 8:02 pm

i'm trying to figure out what Stockman's angle is. There is a lot he isn't saying, like regulating private equity, hedge funds, etc, which are in direct competition with banks. What he didn't say is much more revealing in my mind than the blabber he was saying.

He also omitted other components of the CDS's, which he was a major part of being in private equity and hedge funds.

I think he got very fat on the "crony capitalism" he is writing about and is using the current sentiments in an effort to sell his book. It's very easy to be a contrarian when the market has bottomed out and say oh everything that was done was wrong, just look around. that's easy. where was he when the tough decisions were having to be made? did anyone hear a peep out of him?

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