Larry Summers is an academic economist responsible for deregulating the banks in the 1990's. Policies that he supported then set the stage for the Global Financial Crisis in 2007.
Lehman? TARP? Derivatives? Glass-Steagall repeal? Summers' fingerprints are all over.the failed economic policies of the last two decades.
Yet President Obama is considering naming this man to succeed Ben Bernanke as chairman of the Federal Reserve.This would give a dangerous amount of power to a individual who cares more about Wall Street than your family.
Summers is also pompous, arrogant, and much less intelligent than he thinks he is. His management skills are atrocious - he nearly destroyed Harvard University during his tenure as president.
Tell President Obama - NO to Larry Summers at the Fed