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Hippocratic Risk

September 20, 2011

From Ron Suskind at NPR on his new book, Confidence Men: Wall Street, Washington, and the Education of a President:

Suskind joins Terry Gross for a discussion about Obama, whom he calls “a victim of very difficult and circumstances … by virtue of being a brilliant amateur,” as well as Obama’s first economic team, led by Treasury Secretary Timothy Geithner and National Economic Council chief Larry Summers…

“Larry is of the belief of ‘first do no harm,’ ” he says. “He is very much a believer in the markets and the way the markets work and he is respectful of them. … Tim Geithner was of a similar position. Tim used to work under Larry in the Clinton administration. And Tim calls this ‘Hippocratic risk.’ Larry and Tim were almost always in [agreement] on these issues of Hippocratic risk.”

I don’t really hate Obama, but I do despise Summers, so I expect this to be the fourth book by Suskind which I will read.

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4 Comments leave one →
  1. RBM permalink
    September 20, 2011 3:02 pm

    The premise in markets fail, to begin with; economic actors are rational ? Ha !

  2. RBM permalink
    September 20, 2011 5:54 pm

    “At first Larry blurted out, ‘I deny it,’ and then I said, ‘Look, Larry, lots of people heard you talk about this and say this. This is not something you uttered once to one person. Lots of people remember where they were when they heard it.’ …

    Major sleezeball, I’d say.

    • September 20, 2011 5:58 pm

      We recently watched The Social Network, which has a scene with Larry when he was prez at Harvard. The movie nails what a world-class prick he is.

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