A Boring Dystopia

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‘Wall Street Sweetheart’ Kevin Warsh Picked to Run Fed After Changing Views to Match Trump’s | Common Dreams (www.commondreams.org)

submitted 12 hours ago* (last edited 12 hours ago) by supersquirrel@sopuli.xyz to c/aboringdystopia@lemmy.world

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Warsh played a key role in coordinating the Fed’s response to the 2008 financial crisis, arranging the bailout of the insurance giant American International Group and brokering the sale of Bear Stearns to JPMorgan Chase.

“Warsh showed his true colors during the 2008 global financial crisis, helping bail out big banks while millions of families lost their jobs and homes,” said Alex Jacquez, chief of policy and advocacy at Groundwork. “Kevin Warsh is a disastrous choice to oversee monetary policy.”

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[–] supersquirrel@sopuli.xyz 4 points 12 hours ago

say what you will but 1929 was a big year for business!