It must be noted that she is an economist not an accountant. It must also be noted that the great Nobel prize winner and NY Times columnist, Paul Krugman was also on the board of advisors. Note that Enron Paul never gets criticized. The real perps are in jail, and yet the $65 billion dollar bankruptcy pales in comparison to Lehman Bros., AIG, Fannie and Freddie bailouts all because Treasury Secretary Rubin pushed for the reforms that eliminated the controls that aided in the collapse of the housing market. Mr. Geithner, a protege' of Rubin's and former SEC guy in charge of regulating Madoff as well as porno viewing by SEC employees has with his Citibank and Fannie/Freddie buddies been intimately involved with the Obama administration!

According to the IRS, Berkshire Hathaway owes $1,000,000,000. That's one BILLION dollars. Google it. Why does that story not get played with the " you should tax me more" BS?

Of course, as I have said before in this section, Rubin who lobbied vigorously for the deregulation in order to help Citi in its mega merger with Travelers, went to work for Citi. Quid pro quo? But certainly a post facto cigar.

What he did was legal. He foresaw the housing collapse and bet all he had on it. Cynical, but legal. The deregulation that Bob Rubin lobbied for as Treasury Secretary under Clinton ( having come from CEO of Goldman) set the stage. And Rubin, after leaving Treasury, went to work for Citi and made $126,000,000 in 8 years there. Of course Citi also needed a bail out. And, all the secondary players that came out of these institutions and previously worked under these major players, conveniently end up advising the Obama Administration! Cozy!

Isn't it a coincidence that Henry and Bob Rubin were both Goldman Sachs CEO's before they became Treasury Secretarys. And isn't it a coincidence that Geitner had responsibility for overseeing Goldman while he was at the NY Fed!

Summers worked for Rubin in the Clinton administration. He was a backer of degegulation and the Bliley Act. As for Wendy, she was as clueless as "Enron" Krugman who advised Enron and wrote glowing articles in Forbes about them. Economists do not check the books. They give advice as to how economic developments will unfold in the future. This is a necessary service to any large company and they employ economists accordingly in order to strategically plan. I'm sure if both knew about the cooked books they would not have worked for nor endorsed Enron. All of this can be Googled.

The accounting firm was rightfully held responsible. If they had done their job perhaps WG would not have applied for the job. At any rate every large company employs at least one economist in order to strategically plan for the future.

Bob Rubin went from running Goldman Sachs to Secretary of the Treasury under Clinton. Summers worked under Rubin at Treasury and hailed the Gramm-Leach-Bliley Act. He had an active role in deregulation. Google his role in Wikipedia. Wendy is much like "Enron" Krugman, clueless. Both endorsed Enron without having a clue. Krugman was advising Enron and writing glowing articles in Forbes before it imploded. The 1/2 billion dollar collapse of Enron was harder to see than the !/2 billion dollar toilet tossing of tax money on Solyndra and the $1.2 billion dollar tossing of tax money on SolarPower. An economist is not an accountant. The roll of an economist is to try to forsee the future. Economists do not check the books.

Google: http://www.totalnoid.com/2009/12/14/rolling-stones-matt-taibbi-obamas-big-sellout/ An excellent, well reported and hard hitting article.

What makes this scenerio worse is the fact that the government forced banks to give out subprime loans to people that could not afford them and threatened sanctions if they did not comply! Last time I looked, our stupid legislators put the full faith and money of the Federal Government behind these loans. They were guaranteed! Again, Democrats have blood on their hands. Clinton appointees Raines and Gorelick pulled out $90+ and $24+ million dollars in bonus. That's even after they were found to be cooking the books. Of course Ram Emanuel was a director at the time. shhhhh! And also note that Geithner in his early career was in charge of monitoring entities such as Goldman Sachs! Shhhh!