| inbluevt | Date: Saturday, 2013/09/07, 1:19 AM | Message # 1 | DMCA |
|
|
Private
Group: Blocked
Messages: 1024
|
The Washington Post's Ezra Klein reports that Larry Summers is the "overwhelming favorite" of the Obama team for the job as Federal Reserve chairman. To convince the American public that one of the chief architects of the 2008 financial crisis should be the chief regulator of the U.S. financial system, supporters of Summers have their work cut out for them.
Cue the rewrite.
The New York Times reports that some of Mr. Summers's supporters "argue that better oversight of derivatives would not have prevented or significantly diminished" the 2008 financial crisis. One
former Treasury official told the Times that Summers secretly wanted derivatives regulated, but couldn't win the support of Greenspan or Senate Republicans so dropped the idea.
For journalists who are being told what a brilliant man and insightful regulator Larry Summers was behind the scenes, here are a few items from his public record you might want to review.
More
Message edited by inbluevt - Saturday, 2013/09/07, 1:20 AM |
|
|
| |
Main 
