Former bank regulator William Black and Rolling Stone’s Matt Taibbi join us to dissect the career of Jack Lew, President Obama’s pick to replace Treasury Secretary Timothy Geither. Currently Obama’s chief of staff, Lew was an executive at Citigroup from 2006 to 2008 at the time of the financial crisis. He backed financial deregulations efforts while he headed the Office of Management and Budget under President Bill Clinton. During that time, Clinton enacted two key laws to deregulate Wall Street: the Financial Services Modernization Act of 1999 and the Commodity Futures Modernization Act of 2000. Black, a white-collar criminologist and former senior financial regulator, is the author of “The Best Way to Rob a Bank is to Own One.” A contributing editor for Rolling Stone magazine, Taibbi is the author of “Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.”
Finally Bill Clinton has admitted Haiti’s earthquake recovery problems were exacerbated by the economic and trade policies pushed on them by the United States including himself. Wyclef read this homie.-BB
PORT-AU-PRINCE, Haiti — The earthquake not only smashed markets, collapsed warehouses and left more than 2.5 million people without enough to eat. It may also have shaken up the way the developing world gets food.
Decades of inexpensive imports – especially rice from the U.S. – punctuated with abundant aid in various crises have destroyed local agriculture and left impoverished countries such as Haiti unable to feed themselves.
While those policies have been criticized for years in aid worker circles, world leaders focused on fixing Haiti are admitting for the first time that loosening trade barriers has only exacerbated hunger in Haiti and elsewhere.
Huffington Post points out that During their first joint visit to Haiti this week, George W. Bush appears to have wiped his hand on Bill Clinton’s shirt after shaking hands with a crowd of Haitians.Its obvious that is what he did to most but If that is what happened — Breitbart.TV first raised the question after seeing the video below — it builds on Barack Obama’s story of Bush’s compulsive need for hand sanitizer. Not directly racism.But whatever Bush’s reason, it looks pretty bad. Add this in with his mother’s comments after Katrina and it makes you want to channel Kanye West.