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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Bill Black: Romney&#x2019;s Lead Economist Urges Policies that will Cause the Next Financial Crisis | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="u2M8S6Fxaf"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/romneys-lead-economist-urges-policies-that-will-cause-the-next-financial-crisis.html"&gt;Bill Black: Romney&#x2019;s Lead Economist Urges Policies that will Cause the Next Financial Crisis&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/romneys-lead-economist-urges-policies-that-will-cause-the-next-financial-crisis.html/embed#?secret=u2M8S6Fxaf" width="600" height="338" title="&#x201C;Bill Black: Romney&#x2019;s Lead Economist Urges Policies that will Cause the Next Financial Crisis&#x201D; &#x2014; naked capitalism" data-secret="u2M8S6Fxaf" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Cross posted from New Economic Perspectives.  Presidential nominees of either U.S. party can secure economic advice from any economist in the world. This makes it all the more amazing and sad that they choose economists with track records of disastrous policy advice.&nbsp; Bill Clinton chose Robert Rubin, George W. Bush chose Gregory Mankiw, Obama chose Lawrence Summers, and Mitt Romney chose Mankiw.&nbsp; Rubin and Summers led the Clinton administration&#x2019;s efforts to gut financial regulation.&nbsp; Mankiw led the efforts under Bush.&nbsp; Collectively, these efforts created the criminogenic environment that produced endemic financial fraud (&#x201C;green slime&#x201D;).</description></oembed>

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