Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Her politics are libertarian/conspiracy and she's fixed on Geithner/GS as the axis of evil. The fact that e.g. DB was a bigger player in the US mortgage mess in key years than GS or that Geithner's team ruthlessly slashed bondholders to protect GM/Chrysler or that the approach taken by Geithner/Bernanke to the crisis required far less of a taxpayer hit than the ones Yves advocated - or the ones taken by the European central bank are facts that conflict with her stupid narrative.

I find proposed explanations of this crisis that are based on character defects and alleged criminality to be a lot less plausible than ones that are based on who makes money and whose interests are at stake.

by rootless2 on Mon May 9th, 2011 at 06:55:20 AM EST
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Libertarian? I don't remember her advocating for unfettered free markets and goldbuggery.
by generic on Mon May 9th, 2011 at 07:30:56 AM EST
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there is certainly a lot of chatter about "fiat money" on that site and Yves nutty devotion to "market value" of bank assets plus her conspiracy mongering gives me a strong flavor of libernuttian. I could be wrong, but that's what i see. Certainly there is not a hint of a suggestion that there could be a systematic issue of finance capital not caused by the moral turpitude of Geithner.
by rootless2 on Mon May 9th, 2011 at 09:44:42 AM EST
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She has self identified as having been a Reagan Democrat back in the early '80s. The core of her work as presented on naked capitalism, and, from reviews of her book, Econned, has been to show how the US government and, especially, the financial regulators have been captured and corrupted by big finance over the last 40 years and how that has been facilitated by the systematic take-over of academic economics by the Chicago School, Friedmanite-NCE approach, largely funded by libertarian billionaires.  Over that time she has worked for many of the major Wall Street firms, including Goldman, some of whom are now "considered" to be TBTF.

A substantial part of those who regularly comment on her site ARE libertarian and some are goldbugs, but she has, at times distanced herself from them. Don't conflate the views of those who comment with her views. My sense is that she would be an Eisenhower Republican, were there such a wing of the current Republican Party.

As for conspiracy theorists, see her recent spoof: Blacklisted Economics Professor Found Dead: NC Publishes His Last Letter

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon May 9th, 2011 at 12:09:15 PM EST
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