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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>Peter Orszag of Bank Welfare Queen Citigroup is Selling Catfood Futures Hard | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="O8hvbKoOWW"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/11/peter-orszag-of-bank-welfare-queen-citigroup-is-selling-catfood-futures-hard.html"&gt;Peter Orszag of Bank Welfare Queen Citigroup is Selling Catfood Futures Hard&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/11/peter-orszag-of-bank-welfare-queen-citigroup-is-selling-catfood-futures-hard.html/embed#?secret=O8hvbKoOWW" width="600" height="338" title="&#x201C;Peter Orszag of Bank Welfare Queen Citigroup is Selling Catfood Futures Hard&#x201D; &#x2014; naked capitalism" data-secret="O8hvbKoOWW" 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>The Obama victory was less than 24 hours old when the Rubinite faction of the Democratic party was out full bore selling "reforming" Social Security as the adult solution to the coming budget impasse, giving it higher priority than any other measure on the table while simultaneously admitting that this is not even a pressing (let alone real) problem.   And the worse is that this snakeoil salesmanship, which comes from former OMB director, now Citigrgoup vice chairman of corporate and investment banking Peter Orszag, is almost certainly an Obama trial balloon.</description><thumbnail_url>http://www.nakedcapitalism.com/wp-content/uploads/2012/11/Screen-shot-2012-11-08-at-6.33.36-AM.png</thumbnail_url></oembed>

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