On Treasury Secretary, should Obama pick a Wall Street coddling insider or a tough regulator?

[yurbud]

As we have seen most starkly and recently with Henry Paulson, if you pick a Wall Street insider for this position, he will see the job as a way to take care of his own interests and those of the Good Old Boy Network even if it costs the rest of us real money and hurts the real economy.

We do not need someone to coddle the American psychos bleeding us dry with their scams, wars, and free market fundamentalism that have done even worse damage to other countries than it has done to us, and therefore actually hurt our security in the world.

Latin America would not be turning away from us if Wall Street had not clubbed them to the ground, gone through their pockets, pried out their fillings, and then told them to be careful not to spend any pennies they find in the sofa because they will come back to take those too.

Wall St. is not creating wealth but playing a shell game of hide the pea, shifting the shells around until we're confused, then slipping the pea into their secret off-shore accounts, and then coming to us not with hat in hand but with a gun in our face demand more of our money or they would break our economy.

We need a treasury secretary who will make Wall Street our bitch.

More powerful people need to go to prison until the rest of Wall Street fears for their Rolexes and Gucci loafers.

[sayso7]

1. An insider, I'm sorry but

The position of treasury secretary requires more than just regulation, it requires a knowledge of complex financial instruments and currencies. The people who have that knowledge can only be found on Wall St. because that's where the money is. I'm sure no matter who Obama selects he'll make it very clear to them that if they don't do a good job he'll have no problem firing them.

[SoonerPride]

3. Sure, since putting the fox in charge of the henhouse worked so well for W

Please.

Coal magnates regulating coal.
Wall Streeters regulating the economy.

With one you get air unfit to breathe and with the other you get 6.5% unemployment.

Sorry.

Kick those uncle moneybags to the curb and get me some egg-head economist that will fix things.

[yurbud]

4. the knowledge they need of the ''complex'' financial instruments is to do away with them

to clear the gamblers and parasites out of the system.

[Alter Ego]

2. A regulator.

We need someone who'll tell these fuckers in no uncertain terms that they're not to fuck with the people's money ever again.