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David Walker
Political/Philanthropic leader

David Walker

Former Comptroller General of the United States, David Walker is president and CEO of the Peter G. Peterson Foundation.

Back to the Real World

As a person who spends a lot of time in both New York and Washington, I consider neither place to be "the real world". New York is too focused on money and the markets. Washington is too focused on power, position and politics. Both places have grown increasingly out-of-touch and out-of-control in recent years. Both Wall Street's and Washington's key players have developed "blind spots" since they tend to see things from their "unique" and insular perspective. Washington has always been reliant on spending taxpayers' money and now many financial institutions have received taxpayer assistance. Such assistance changes the ballgame big time, and some Wall Street players evidently haven't gotten the message yet. It's time that they did.

Both Washington and Wall Street players would gain a better perspective by spending more time in the "real world" dealing with "real people". They would also benefit from having access to real world views through advisory groups, independent research and other mechanisms. During my 15-year career in government and in my current role as CEO of a foundation, I have always used independent research and external advisory groups. I have also made it a regular practice to venture around the country to stay in touch. It has helped me do a better job and I'm sure that it would help others as well.

By David Walker

 |  February 2, 2009; 10:39 AM ET
Category:  Economic crisis Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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I don't understand why David Walker has ANY credibility whatsoever. It was under his watch and with his blessings that credit card companies (owned by these failing banks and financial institutions) were unleashed to begin charging 35% interest rates, outrageous late fees, reduce the window for payment without being considered 'late' to zero, and to be playing all sorts of games that punish consumers.

David Walker is as much of a lying anti-consumer scumbag as his best buddies George Bush, Dick Cheney, Karl Rove, Ken Lay and all the republicans who have bilked consumers and American citizens for the past 30 years.

SHAME ON WALKER for being such a scumbag and liar and for propping up all his rich privileged entitled friends who have been bankrupting this country for at least the past 8 years (actually since Reagan in 1981).

SHAME ON THE WASHINGTON POST FOR ALLOWING THIS SLEAZEBAG ANY CREDIBILITY and for not exposing his role in creating the current problems consumers now face.

Posted by: flacan | February 4, 2009 12:06 PM
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