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["Lynn Wigglesworth" <lynnw1366 AT hotmail.com>]

A good NYT editorial, comparing Obama's "best and brightest" team to JFK's 
team. And history repeating itself in other ways. This paragraph struck me:

"Geithner was no less tardy in discovering the reckless, wholesale gambling 
that went on in Wall Street's big casinos, all of which cratered while at 
least nominally under his regulatory watch. That a Hydra-headed banking 
monster like Citigroup came to be in the first place was a direct byproduct 
of deregulation championed by Rubin and Summers in Clinton's Treasury 
Department (where Geithner also served). The New Deal reform they helped 
repeal, the Glass-Steagall Act, had been enacted in 1933 in part because 
Citigroup's ancestor, National City Bank, had imploded after repackaging bad 
loans as toxic securities in the go-go 1920s. "

http://www.nytimes.com/2008/12/07/opinion/07rich.html?_r=1