GEITHNER & BERNANKE SHOULD BE TALKING LIKE THIS GUY

Instead of sucking up to the banksters, we need these two to make serious arguments against the Free Market Fairy.

Turner Plan on ‘Socially Useless’ Trades Make Bankers See Red
By Caroline Binham
Jan. 8 (Bloomberg) -- Sitting in his London office, Adair Turner...chairman of the U.K. Financial Services Authority, Britain’s financial regulator.

Turner triggered controversy in August when he first floated the transaction tax idea and criticized the size of the U.K. financial sector in an interview in Prospect, a British journal. At a black-tie gathering of financial executives in London on Sept. 22, Turner said banks should move away from products, such as complex derivatives, that don’t benefit society.

“Some financial activities which proliferated over the last 10 years were socially useless, and some parts of the system were swollen beyond their optimal size,” he told the gathering.