Granting favor to the few. On the Friday before Christmas, President Obama announced that
he was appointing Mohamed A. El-Erian, the CEO of Pacific
Investment Management Company, as the chairman of his Global
Development Council. The announcement didn’t get much attention, but it should. It
exemplifies what’s wrong with Obama’s approach to ... MOREIra Stoll: Obama's Crony Capitalism
Granting favor to the few. On the Friday before Christmas, President Obama announced that
he was appointing Mohamed A. El-Erian, the CEO of Pacific
Investment Management Company, as the chairman of his Global
Development Council. The announcement didn’t get much attention, but it should. It
exemplifies what’s wrong with Obama’s approach to ... MORE