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Bill Daley Is Bad News

January 10, 2011

Think twice about the wisdom of Bill Daley as Chief of Staff.

Let’s be honest.  With the appointment of Bill Daley, the big banks have won completely this round of boom-bust-bailout.  The risk inherent to our financial system is now higher than it was in the early/mid-2000s.  We are set up for another illusory financial expansion and another debilitating crisis.  Baseline Snenario

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