Subscribe to Dollars & Sense magazine. Recent articles related to the financial crisis. Kaletsky: Transition to Begin ImmediatelyAnatole Kaletsky makes some very strong, but interesting claims. A must read:November 3, 2008 Change of guard could administer adrenalin shot Anatole Kaletsky The TImes Although President Bush will officially remain in office until January 20, there is a widespread recognition in Washington that the three-month power vacuum envisaged by the constitution will be unacceptable in the present financial crisis. If Mr Obama is elected, therefore, he will name a new Treasury Secretary almost immediately--the leading contenders being Tim Geithner, the New York Fed President; Larry Summers, President Clinton's last Treasury Secretary, and Paul Volcker, who chaired the Fed from 1980 to 1987. Offices have already been set aside for the new Secretary's team in the Treasury building in Washington and they should start shadowing their Bush counterparts before the end of this week. Read the rest of the article Labels: Anatole Kaletsky, Barack Obama, financial crisis, financial crisis bailout, george bush, Henry Paulson, Presidential transition, Treasury Department Please consider donating to Dollars & Sense and/or subscribing to the magazine (both print and e-subscriptions now available!). |
