The Mudcat Café TM
Thread #115883   Message #2851353
Posted By: Sawzaw
27-Feb-10 - 12:15 AM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
Well Amos, Geuthner said it didn't collapse and Valerie Jarrett said it didn't collapse. Do you know something that they don't?

Presidential Adviser Valerie Jarrett
February 24, 2010

"And so today, the president really said, look, this is about an alignment of interests between business, the business sector, government and the workers. And we should all be working together. We're just pulling ourselves from, really, the brink of an economic collapse in our country."

Our financial system is far stronger than it was a year ago, but it is operating under the same rules that led to its near collapse and a dangerous recession, Geithner said in prepared testimony to the House Budget Committee. These rules must be changed to keep the system from taking unjustifiable risks and so that it can fuel growth.