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I remember the bull market have been replaced by anger, Clinton presided over the financial deregulation that precipitated the current crisis. Greenspan's reputation has been ruined, Rubin has been the sin he loved to drive his next employer, Citigroup, to take risk in Paris that sank near the company. They also believe that governments often do little to respond, rather than too much, and pay a high price. Other officials share this view of Obama, especially Summers, who now heads the National Economic Council. A third, the Clinton Treasury has no control over the fear that it once did. But the pure faith runs Geithner. Its members are considered an elite, bound by common experience of having fought the 1990 crisis and prevailed over. By applying this formula is that Geithner was the worst crisis since the Great Depression. But within the group, things are very different. They share the belief that a powerful combination of speed, strength and courage, the willingness to put aside the doubts buccaneers, seize the levers of government, and applying power can stop the financial panic.

"During the Bush administration," said Keith Hennessey, former director of Bush's National Economic Council, said, "we basically had three people who formed the core of policy recommendations to the President and application. Each step was essential to the crisis in the initial response, the design of a recovery plan, and the effort to develop new standards. In fact, there is considerable continuity, personal view point and not the policy that has been done now .. Larry, Ben and Tim, Tim and moved to the presidents. And it was Hank Paulson, Ben Bernanke and Tim Geithner. The fact that most of the rescues occurred driving the wrath of George W. This means that two thirds of the central part of the Bush policy has not changed for Obama. Obama political operations and communication have always been in tension are different from Obama and transformation solutions, compared with people-Say-Bush made this huge problem. Bush was easy to forget, in part because Geithner is the most consistent and visible between the two administrations.

httpv://www.youtube.com/watch?v=nER5JntnDTw&feature=youtube_gdata

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