Confidence Men: Wall Street, Washington, and the Education of a President

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Confidence Men: Wall Street, Washington, and the Education of a President Page 65

by Ron Suskind


  Jefferson, Thomas, 261

  Jobs Summit, 357

  Johnson, Jim, 66–67, 68–69, 70–71, 80

  Johnson, Katie, 229

  Johnson, Lyndon B., 124, 138, 260, 370

  Johnson, Simon, 439

  JPMorgan Chase, 21, 27, 35, 43, 72, 89, 94, 101, 117, 123, 133, 167, 208, 209, 214, 235, 255, 285–86, 327, 393, 396, 399, 404, 406, 408, 409, 410–11, 413, 414, 416, 465

  Kahneman, Daniel, 16, 62, 198

  Kaptur, Marcy, 374

  Kashkari, Neel, 46

  Kaufman, Ted, 428, 429, 438

  Keating, Charles, 71

  Kelly, Mark, 467

  Kennedy, Caroline, 70

  Kennedy, Joe, 9, 328

  Kennedy, John F., 15, 50, 157, 283, 326, 478, 480

  Kennedy, Ted, 177, 194, 199, 262, 270, 315, 324, 368, 398

  Kennedy, Vicki, 324

  Kennedy Center for the Arts, 68

  Kerry, John, 442–43

  Keynes, John Maynard, 355

  Khuzami, Robert, 394–95

  King, Martin Luther, Jr., 28–29, 30, 129, 131, 468, 469

  King, Mervyn, 45–46

  Kingsdale, Jon, 310

  Kissinger, Henry, 82, 422

  Kohlberg Kravis Roberts, 224

  Kohn, Donald, 213

  Kronthal, Jeff, 38–39, 407

  Krueger, Alan, 6–8, 16–17, 18–19, 30, 189–90, 193, 199–201, 215, 222, 228, 243–44, 263, 265–69, 282, 312, 313, 314, 348, 356–57, 363, 437, 450–52, 454, 473–75

  Krugman, Paul, 184–85, 273–74, 275–76, 293, 314, 363, 439, 455

  Kucinich, Dennis, 383

  Kuttner, Robert, 37

  Labor Department, U.S., 18

  Levitt, Arthur, 168, 171

  Lehman Brothers, 26, 40, 42, 47, 52–53, 54, 55, 59, 67, 92–93, 94, 95–97, 99, 100–101, 103, 104–5, 106, 108–9, 110, 112, 113, 118, 122, 189, 208, 225, 236, 255, 258, 326–27, 336, 341, 400, 409, 434, 458

  Leibovich, Mark, 350

  Levin, Carl, 238, 400–402, 403–4, 427, 430–31, 432, 438, 439

  Levine, Dennis, 224, 240–41

  Lew, Jack, 142–43, 147, 441, 460

  Lewis, Ken, 94, 95–96, 102, 103, 104, 105–7, 124, 236–37, 248, 251, 252, 257–58, 286

  Liddy, Ed, 214

  Lincoln, Abraham, 13, 14, 35, 469

  Lincoln, Blanche, 398–99, 400, 413, 427, 430, 431, 438, 439

  Long-Term Capital Management, 23, 98, 169–70, 173, 341, 416

  Loughner, Jared Lee, 467

  Love, Reggie, 24, 48, 141

  Luce, Edward, 375

  Lukken, Walt, 410

  Lundgren, Bo, 266

  Lynch, Peter, 61, 224

  Lynch, Stephen, 374

  McCain, John, 66, 70, 71, 80, 92, 97, 113, 116–17, 119–20, 121, 122, 129, 154, 382, 462, 468

  McColl, Hugh, 236

  McConnell, Mitch, 115, 116, 462

  McCrudden, Vincent, 470, 471

  Mack, John, 45, 72, 99, 235

  Macklin, James, 419

  Magaziner, Ira, 191

  Markey, Edward, 239–41

  Marshall, George C., 421–22, 426

  Martin, William McChesney, Jr., 426

  Massachusetts Health Connector, 310

  Medicaid, 138–39, 195, 259, 262, 322, 345, 386, 387

  Medicare, 138–39, 195, 262, 321, 324, 345, 385, 386, 387

  Medicare Prescription Drug Improvement and Modernization Act (2003), 198

  Meet the Press, 243, 244–45

  Merkley, Jeff, 430–31, 432, 438, 439

  Merrill Lynch, 28, 38–39, 41–42, 44, 92, 94–95, 99–100, 101–2, 103–4, 105–6, 107, 108, 109, 236, 251, 252, 257–58, 405, 406, 407

  Messina, Jim, 165, 307–8, 315, 317, 345, 460

  Metrick, Andrew, 87, 88, 89, 348–49

  Metrick, Richie, 88

  Milbank, Dana, 380–81

  Milken, Michael, 224, 235–36

  Mohammed, Khalid Sheikh, 380

  Mondale, Walter, 66, 67

  Montgomery Bus Boycott, 28

  Moody’s, 73, 112, 225, 306, 363, 417, 429

  Moore, Michael, 343–44

  Morgan, James, 422

  Morgan, John Pierpont, 290

  Morgan Stanley, 28, 45, 72, 96, 99, 113, 123, 209, 235, 285–86, 396, 397, 399, 405–7, 408

  Morris, George, 468

  Moses, Herb, 70

  Mozilo, Angelo, 70, 80

  Murkowski, Lisa, 430

  NAFTA, 135, 149

  Naro, Sal, 25–27, 73, 448

  National Bureau of Economic Research, 82

  National City Bank of New York, 208, 209

  National Commission on Fiscal Responsibility, 387, 476

  National Economic Council (NEC), 84, 142, 143, 148, 151, 152, 181–82, 199, 200–201, 214, 314, 348, 452, 455

  National Finance Committee, 11

  National Industrial Recovery Act, 161

  National Security Council, 181–82

  NatWest, 235

  New Deal, 260

  Newman, Dennis, 369

  Newport, Frank, 450

  New York Federal Reserve, 56, 72, 89, 98, 105, 106, 210, 373, 374

  Nixon, Richard, 36, 67, 83, 124, 125, 155

  Obama, Barack, 3–4, 5–12, 13–19, 23–25, 27–28, 29–30, 31–37, 39–41, 43, 47–52, 66, 71, 77–81, 85, 87, 92–93, 97–98, 104–5, 109, 113–14, 116–17, 119–20, 121–22, 125–32, 133–36, 137, 140, 141–43, 144–49, 150–52, 154–58, 161–62, 163, 164, 169, 176, 177, 178–81, 182–91, 192–93, 194–96, 200, 203–4, 213–14, 215, 218–20, 223, 227–29, 230, 233–35, 238–39, 241–43, 246–47, 249, 251–53, 259–63, 265, 266, 268, 269–70, 271–72, 273–79, 281, 283–84, 285, 288–89, 292, 293–96, 300, 301–2, 304, 305, 306–7, 308–9, 311–13, 314, 315, 316–17, 318, 321, 322–27, 329, 331–33, 335, 336, 338–39, 343, 344–45, 347, 349, 350–56, 357–59, 363, 364–65, 366–67, 369, 370–72, 374–75, 376–78, 380–85, 388–89, 390, 396–97, 407, 433, 437–40, 441–42, 444–50, 451–55, 456, 457–66, 467–69, 471, 472, 477, 478–82

  Obama, Michelle, 32, 49, 77, 81, 97, 125–26, 130, 132, 150, 273–74, 359, 445

  Office of Management and Budget (OMB), 7, 140, 141, 142, 262, 279, 312, 315–16, 441, 460

  Office of the Comptroller of the Currency (OCC), 210, 211

  Ogletree, Charles, 77–78

  O’Neal, Stanley, 38–39, 41, 42, 99, 103, 252, 407

  O’Neill, Paul, 117, 462–63, 476

  O’Neill, Tip, 142

  Orszag, Peter, 7, 136–38, 139–43, 146, 150, 152, 154, 176, 177–78, 182, 195, 260, 262, 263, 268, 269, 277, 278, 279, 293, 296–97, 301–2, 304, 307, 315–16, 317, 321, 324, 325, 332, 339, 346, 348, 352, 353–54, 365, 379, 385–89, 441, 442, 446, 453, 464, 472

  Palin, Sarah, 92, 116, 334, 467

  Pandit, Vikram, 98, 207, 209, 212, 231, 235, 422

  Panetta, Leon, 133, 134

  Panic of 1825, 97

  Panic of 1907, 170, 290

  “Panic of 2007, The” (Gorton), 90

  Parsons, Dick, 189

  Patient Protection and Affordable Care Act, 384–85

  Patrick, Deval, 369

  Paul, Rand, 456

  Paulson, Hank, 38, 43–44, 45–47, 52, 59, 72, 93, 94, 95–97, 98, 99, 100, 103, 108, 109, 114–16, 119, 120–21, 122–24, 133, 142, 146, 154, 167, 209, 236, 237, 251, 257, 258, 304, 411, 476, 477, 478

  Paulson, John, 394

  Pear, Robert, 296

  Pelosi, Nancy, 114, 115, 120–21, 135, 157, 318, 346, 370, 371, 380, 382–83, 455

  Pennsylvania Railroad, 425

  Peterson, Pete, 333–34

  Pfeiffer, Dan, 325

  PhRMA, 292, 308, 318

  Pimco, 87, 408, 435

  Plouffe, David, 51, 52, 460, 461

  Podesta, John, 133–34, 190, 191–92, 220, 271–72, 316, 317

  Polley, Malcolm, 92

  Powell, Colin, 407

  President’s Economic Recovery Advisory Board (PERAB), 151, 340–41, 342
, 350, 447, 452

  PricewaterhouseCoopers, 346–47

  Primerica, 208

  Prince, Charles, 99

  Pritzker, Penny, 80

  Public-Private Investment Program (PPIP), 187, 220, 234, 243, 244, 255, 306

  Raines, Franklin, 68–69

  Ranieri, Lewis, 38–39, 59, 60, 61, 224, 409

  Rattner, Steven, 223, 227, 228, 229, 231

  Reagan, Ronald, 35, 36, 66, 67, 124, 125, 155–57, 219, 283, 287, 333, 463, 468, 481

  RealNetworks, 166

  Reconstruction Finance Corporation, 118

  Reich, Robert, 36, 117, 143, 144, 146, 153

  Reid, Harry, 114, 115, 370, 383, 431

  Reinhardt, Carmen, 274

  Reno Gazette-Journal, 155

  Republican Party, 10, 49

  Reserve Primary Fund, 113

  Resolution Trust Corporation, 218

  Rhodes, Ben, 324

  Rivera, Dennis, 292, 293

  Rivlin, Alice, 162

  Roberts, John, 10

  Rockefeller, David, 422, 426, 427

  Rockefeller, John D., 427

  Rogoff, Ken, 153, 273–75

  Roll, John, 468

  Rolling Stone, 8–10

  Romer, Christina, 149–51, 152–53, 182, 196, 201, 202, 204, 212, 214–15, 216, 217, 218, 219, 246, 247–48, 249, 250, 255, 268, 273–74, 275–77, 278, 282, 339, 349, 351, 352, 353–55, 356, 358, 363, 379, 388, 441, 444

  Romer, David, 149, 151

  Romney, Mitt, 262, 369

  Roosevelt, Franklin Delano, 9, 12, 31, 66, 67, 89, 118, 124, 151, 161, 208, 215, 222, 235, 260, 283, 284, 290–91, 328, 427, 437, 480

  Roosevelt, Teddy, 190, 384, 427

  Rose, Charlie, 448

  Rouse, Pete, 49–50, 51, 52, 133, 134, 136, 177, 179, 340, 364, 375–79, 381, 389, 441, 443, 449, 452, 460–61, 465–66

  Rubenstein, David, 410

  Rubin, Robert, 36, 37, 83, 99, 117, 137, 142, 146, 147, 149, 168, 169, 171, 172, 182, 189, 207, 244, 280, 316, 476

  Rubio, Marco, 456

  Russert, Tim, 32

  Rustin, Bayard, 29, 468

  Ryan, Paul, 260, 382

  Sachs, Jeffrey, 273–74, 275

  Sachs, Lee, 201–2, 214, 249, 250

  SAFE Banking Act, 428–29

  Safford, Dave, 334

  Safford, Lynn, 334–36

  Safford, Matt, 334

  Sailfish, 25–27, 42

  Salomon Brothers, 20, 38–39, 59, 208, 236, 329

  Samuelson, Paul, 83

  Sanders, Bernie, 238, 297, 298, 310, 429

  Santelli, Rick, 334, 336

  Sarbanes, Paul, 170

  Sarbanes-Oxley Act, 170

  Schapiro, Mary, 204–5

  Schiliro, Phil, 216, 310, 322–23, 376, 381

  Schmidt, Eric, 117

  Schumer, Charles, 439

  Schumpeter, Joseph, 16

  Schwartz, Alan, 88, 89

  Sebelius, Kathleen, 261

  Securities and Exchange Commission (SEC), 9, 36, 327, 329, 373, 394–95, 396, 398, 424

  Selib, Jon, 345

  September 11, 2001 terrorist attacks, 130

  Service Employees International Union (SEIU), 292

  Sexton, John, 455

  Shelby, Richard, 115, 305, 429

  Shiller, Robert, 56, 57, 59

  Shulman, David, 25, 27

  Siegel, Martin, 224

  Simpson, Alan, 387–88, 476

  Smith, Adam, 342

  Smith Barney, 208, 287, 406

  Snow, John, 476

  Snowe, Olympia, 213, 270, 322–23, 332

  Social Security, 222

  Socíeté Générale, 232

  Sonny (Carmine Visone’s client), 54–55, 56, 57–58, 59

  Soros, George, 24

  Southern Christian Leadership Conference, 28–29

  Spector, Warren, 40

  Sperling, Gene, 215, 244, 250, 356, 365

  Spine Patient Outcomes Research Trial, 321

  Spitzer, Eliot, 32

  Stamp Act, 332

  Standard & Poor’s, 112, 306, 417, 429

  Standard Oil of New Jersey, 427

  START II, 462

  State Street, 123

  Stephanopoulos, George, 242–43, 264

  Stewart, Jon, 343, 452

  Stewart Capital Advisors, 92

  Stiglitz, Joseph, 153, 273–74, 314, 363

  Sullivan & Cromwell, 253, 410

  Summers, Lawrence, 7, 9, 36, 82–85, 91, 117–19, 143, 146, 147, 148–49, 151–53, 163–64, 167, 168, 169, 171–72, 174, 178, 182–83, 184, 185, 186, 188, 196–97, 198, 199–200, 201, 202, 203, 204, 212–13, 214, 215, 216–20, 223, 227–28, 229, 230, 235, 238–39, 244, 246, 247–48, 249, 255, 262, 268, 273–74, 275, 276, 277, 279, 280, 281, 282, 288, 297, 298, 301–2, 304–5, 312, 313, 314–16, 317, 329, 339, 340, 343, 344, 345, 348–49, 350, 351, 352, 353, 354–57, 363–64, 365, 376, 378, 379–80, 387–89, 395, 396, 397, 413–14, 429, 433, 441, 444, 446, 452–53, 454, 459, 460–61, 478

  Superior Bank, 80

  Supreme Court, U.S., 10, 78

  Swagel, Phillip, 46

  Taibbi, Matt, 439

  Talbott, Scott, 334, 443

  TALF (Term Asset-Backed Securities Loan Facility), 220

  Tapper, Jake, 363

  Tarbell, Ida, 427

  Tarullo, Dan, 15

  Tauzin, Billy, 198–99, 308, 317, 318

  Tea Party, 317, 334–36, 368, 372, 456, 477

  Tennessee Valley Authority, 161

  Tester, Jon, 270

  Thain, John, 42, 45, 94, 99, 100, 101, 102–4, 105–6, 107, 109, 123, 251, 252, 258

  This Time Is Different: Eight Centuries of Financial Folly (Rogoff and Reinhardt), 274

  This Week, 242

  Thune, John, 50

  TIAA-CREF, 45

  Travelers, 37, 208

  Travelers Group, 208

  Treasury Department, U.S., 4–5, 43, 44, 45, 46, 69, 70, 75, 95, 108, 115, 116, 122, 123, 133, 143, 146, 147, 148, 151, 163, 164, 169–70, 181, 185, 203, 204, 209, 213, 214, 218, 233, 242, 243, 244, 246, 247, 248, 249, 250, 254, 255, 263–65, 279–80, 281, 297, 304, 311, 312, 328, 344, 349, 373, 374, 379, 392, 393, 398, 409, 412, 458, 476

  Troubled Asset Relief Program (TARP), 46, 114–17, 120–21, 122–24, 142, 167, 181, 185, 186, 202, 209, 219, 221, 233, 239, 250, 257, 259–60, 263, 266, 286, 304, 306, 312, 343–44, 412

  Truth in Securities Act, 161

  Turner, Adair, 342

  Tversky, Amos, 198

  Tyson, Laura, 36, 144, 146, 153

  UBS, 19–20, 21–22, 25, 26, 28, 31, 35, 98, 144, 334, 374, 447

  UBS Americas, 20, 31

  Umbdenstock, Richard J., 294

  United Auto Workers, 226

  U.S. Bancorp, 235

  Varley, John, 96

  Viniar, David, 436

  Visone, Carmine, 52–55, 57–59, 110–11, 336–37, 417–20

  Voigtman, Jon, 434–37

 

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