Eliot Spitzer on Stephen Colbert

By Edward Harrison On Feb 3, 2010

For your amusement as well as your understanding of critical banking and finance reform issues. The funny thing about Colbert and Jon Stewart, his partner in crime at Comedy Central, is that they have a certain bread and circus appeal to them, don’t they. Is that what it takes to get Americans to take real issues seriously?

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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Links: 2010-02-04

9 Comments

dansecrest says 14 years ago

Spitzer makes some good points, and is very critical of the Obama Administration. He probably overdoes it in describing how we have to rely on China to loan us money. That’s not quite right…
1. Edward Harrison says 14 years ago
  
  I didn’t find that part convincing either. But it was good otherwise.Sent from my Nexus One
2. Marshall Auerback says 14 years ago
  
  In a message dated 2/3/2010 15:27:42 Mountain Standard Time,
  writes:
  
  Spitzer makes some good points, and is very critical of the Obama
  Administration. He probably overdoes it in describing how we have to rely on
  China to loan us money. That’s not quite right…
  
  It’s not right at all. Eliot Spitzer made a lot of good points, but his
  idea that China is our banker is a total fallacy. Only the US government
  issues US dollars – not China, Japan, any European country, no country at all.
  These countries may buy US government bonds but they use US dollars which
  they get through trade.
  The US government never loses its ability to spend in US dollars and
  actions by foreign countries have no influence on that capacity. To suggest
  otherwise is to lie.
  1. Edward Harrison says 14 years ago
    
    Marshall, Spitzer isn’t necessarily lying anymore than people are lying when they use the household budget analogy to represent the U.S. fiscal situation. The logic may be wrong – as it is in the case of Spitzer saying we are begging the Chinese – but it doesn’t mean he is lying.
    1. Marshall Auerback says 14 years ago
      
      In a message dated 2/3/2010 17:00:04 Mountain Standard Time,
      writes:
      
      Marshall, Spitzer isn’t necessarily lying anymore than people are lying
      when they use the household budget analogy to represent the U.S. fiscal
      situation. The logic may be wrong – as it is in the case of Spitzer saying we
      are begging the Chinese – but it doesn’t mean he is lying.
      
      YOu are correct. He is severely misinformed.

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