Bob English on Geithner leaving derivatives backdoor open as he walks out the front!
Our guest, Bob English, contributing editor for Zerohedge and guest contributing editor for EconomicPolicyJournal.com, tells us how Timothy Geithner exempted $410.8 trillion (or 64 per cent) of OTC derivative swaps from Dodd-Frank with the stroke of a pen. Plus, should we put stock in GDP as a measure of the economy's health at all? Lauren breaks it down in today’s Reality Check. Also, earlier this week we asked financial commentator Peter Schiff about his call for hyperinflation and the interview received attention from a certain NY Times economist. Paul Krugman to be exact. Lauren and Demetri discuss Krugman’s post in today’s Loose Change, along with some interesting privacy news from Google.