3 chapters across the catalog
Deputy Treasury Secretary Wally Adeyemo defended the department's inability to prioritize payments in the event of a debt default, citing the IRS's reliance on the 40-year-old COBOL programming language. The hosts mock Adeyemo's informal demeanor during the interview and his mispronunciation of the language as "Cobalt." They discuss the reality of legacy mainframe systems that still underpin global finance and government operations.
Wally Adeyemo, Treasury Department, Economy in Transition
Deputy Secretary of the Treasury Wally Adeyemo defended the administration's economic policies, describing the current inflation and supply chain issues as part of an "economy in transition." He asserted that the only way to resolve these transitions is for everyone in the U.S. and globally to get vaccinated.
Biden Administration, BlackRock Personnel Appointments
Several former BlackRock executives have taken high-ranking positions within the Biden administration. Brian Deese serves as Director of the National Economic Council, Wally Adeyemo is the Deputy Treasury Secretary, and Michael Pyle is the senior economic advisor to Vice President Kamala Harris. These appointments suggest a deep integration between the investment firm and federal economic policy.
