The dream world of Villager punditry is truly something to behold. Take William Cohan who has a suggestion in the Washington Post for Elizabeth Warren, who has just declared her candidacy to run for the US Senate seat in Massachusetts currently held by Republican Scott Brown.
Seven weeks removed from the political reality that cost her a job as one of the nation’s best-known — and controversial — advocates for consumers and the middle class, Elizabeth Warren now officially wants to return to Washington as the junior senator from Massachusetts. But if she is really serious about wanting to help working Americans and reform Wall Street, Warren should consider a different line of work: She should get a job as a partner at Goldman Sachs.
The idea isn’t as crazy as it sounds.
No, it is as crazy as it sounds, if not crazier. The idea that Elizabeth Warren, after railing for years at how banks like Goldman Sachs have been profiting while impoverishing the middle classes by taking advantage of deregulation and lax oversight by the government, could simply pick up the phone and ask Goldman Sachs to hire her to reform it, and that Goldman Sachs would offer her a partnership in order to reform itself is doubly bizarre.
The only way that this could happen is if there is cynical collusion between Warren and Goldman Sachs in which Warren is just another cynical academic on the make and agrees to uses her reputation for integrity to get a high-paying job providing cover for Goldman Sachs for the pretense that it is serious about reforming itself. But if that is the case, then this demolishes Cohan’s argument that this move would help in reforming Goldman Sachs and Wall Street.
What amazes me is that these Villager pundits actually get paid to churn out this drivel.
