Austan Goolsbee
👤 SpeakerAppearances Over Time
Podcast Appearances
It was like 2003, 2004.
Could you help here?
I was like, are you talking about Michelle Obama's husband?
They were like, his name is Barack Obama.
I was like, who cares what his name is?
That's Michelle Obama's husband.
So he had named Tim Geithner, Secretary of the Treasury, Larry Summers, Head of the NEC, Christy Romer, Zed and CA.
All star cast.
They had a meeting in the transition, it was in December.
Paul Volcker flies in, he's about 80 years old, a giant guy.
Famous former head of the Fed.
A snowstorm hits, so you can't get a cab.
So there's Paul Volcker, comes taking the subway, he's marching through the snow.
We go to this meeting.
Lehman has happened, we're in the heart of the financial crisis.
The tarp has passed.
Each person is to talk about one thing.
I'm talking about housing.
I'm like, housing's a disaster.
We're down.