Mitt Romney’s Chief Economic Advisor Is The Guy In “Inside Job” Who Praised Credit Derivatives

Unbelievable. Looking at the New York Times today, I saw a picture of Glenn Hubbard, Mitt Romney’s in-house economic adviser, and thought,

He looks like the same guy from the documentary, Inside Job. 

In the documentary, there is an owlish and prickly fellow at Columbia University who is revealed not only to have praised credit derivatives, but to have apparently made very big bucks as a consultant to the financial industry while doing so. A credit derivative is one of the shenanigan techniques that lenders use to divorce themselves from the risks they take on when they lend money. Credit derivative shenanigans led directly to the 2008 financial crisis. Surely, I thought, Mitt Romney has not brought this guy into his inner circle!

Well, he has. In the film, it’s the same dude. It’s Glenn Hubbard. Meet Mitt Romney’s chief economic adviser and be careful that you catch your jaw before it hits the floor:

__________

If you haven’t seen the whole of Inside Job before, here’s the trailer:

About Santi Tafarella

I teach writing and literature at Antelope Valley College in California.
This entry was posted in Uncategorized and tagged , , , , , , , , , . Bookmark the permalink.

2 Responses to Mitt Romney’s Chief Economic Advisor Is The Guy In “Inside Job” Who Praised Credit Derivatives

  1. Reblogged this on myatheistlife and commented:
    Yes, blink, breathe… Romney is that fucking stupid. Here is some more of his idiocy:http://www.nytimes.com/2012/10/14/business/glenn-hubbard-is-romneys-go-to-economist.html?pagewanted=all&_r=0

  2. colinhutton says:

    I think your alarm is misplaced. It suggests that you think Romney could have made a better choice which, in turn, suggests that you believe some economists actually understand and can control the global economy. Truth is that they don’t and they can’t. What would be alarming is if, despite his experience in business, he intends to actually follow the advice of an economist!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s