The Financial Crisis Inquiry Commission is releasing its report Thursday.The New York Times has a preview of the report, which shows that the Commission will slam the right people for causing the financial crisis.Barry Ritholtz gives a good summary of…
Posts Tagged ‘summers’
Larry Summers “Basically Doesn’t Believe in the Government Helping Small Business” … Will His Replacement Be More of the Same?
December 31st, 2010 |
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Everyone knows that Larry Summers helped the big Wall Street players and shafted small businesses. And so this shouldn’t make me mad, because it’s not news.But reading Jonathan Alter’s confirmation in his new book The Promise, infuriates me:”The inabil…
Even Clinton Slams Clinton Retreads: Summers and Rubin Must Go
April 18th, 2010 |
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Larry Summers and Robert Rubin served as Secretaries of the Treasury under Bill Clinton (Rubin between January 11, 1995 – July 2, 1999, and Summers between July 2, 1999 – January 20, 2001).Both conservatives and liberals alike have called Summers a…
Larry Summers in 2000: “A Healthy Financial System Cannot be Built on the Expectation of Bailouts”
January 2nd, 2010 |
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Simon Johnson points out how hypocritical Summers and Geithner are:Some of the Treasury’s advice at the time was controversial — pressing South Korea to open its capital markets to foreign investors at the height of the crisis — but the broad app…
Larry Summers Is Like a Guy Who Yells That the Sun Really DOES Revolve Around the Earth and that the Current Orbit is Just a Temporary Aberration
December 14th, 2009 |
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Two leading White House economic advisors – Larry Summers and Christina Romer – are giving very different views on the economy.As Fox news summarizes: “Everybody agrees that the recession is over,” said Larry Summers, director of the National Economic…
Do Summers, Geithner and Bernanke Have to Share Credit for Saving the Banks with Drug Kingpins?
December 14th, 2009 |
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I have repeatedly criticized Summers, Geithner, Bernanke and the rest of the boys for their approach to “saving” the too big to fail banks. I have argued that they are trying to paper over the banks’ real problems instead of fixing them.I have pointed…
Taleb: “I Will …Structure Trades With My Universa Friends To Bet On The Next Mistake By Bernanke, Summers, And Geithner.”
December 1st, 2009 |
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Famed financial expert and investment advisor Nassim Nicholas Taleb has revealed his new trading strategy:I will also structure trades with my Universa friends to bet on the next mistake by Bernanke, Summers, and Geithner.In an investing climate where …
Congressman DeFazio: “We May Have To Sacrifice Just Two More Jobs (Summers and Geithner) To Get Millions Back For Americans”
November 19th, 2009 |
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Congressman DeFazio said yesterday:We think it is time, maybe, that we turn our focus to Main Street … Unfortunately, the President has an adviser from Wall Street, Larry Summers, and a Treasury Secretary from Wall Street, Timmy Geithner, who don’t …
Steve Keen Out-Thinks Larry Summers
September 20th, 2009 |
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Inside the beltway and among mainstream economists, Larry Summers has the reputation of being a genius.But Australian PhD economist Steve Keen points out a huge gap in the thinking of Summers – and all neoclassical economists.Specifically, in an essay …
Congressional Oversight Panel Versus Summers, Bernanke and Geithner
August 13th, 2009 |
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Yesterday’s report by the Congressional Oversight Panel on the bailouts concludes that banks remain threatened by billions of dollars of bad loans on their balance sheets, and more could fail if the economy worsens, and that – if unemployment rises sha…
Summers On Recession: “I Don’t Think The Worst Is Over”
July 11th, 2009 |
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For this week’s installment of their “Lunch with the FT” feature the Financial Times sat down with Larry Summers, director of Obama’s National Economic Council, for a wide-ranging talk. When the conversation turned to the current recession in …