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No to Larry Summers as Fed Chair. Summers led the fight against regulating derivatives that caused the financial crisis.

Created by D.S. on July 26, 2013

Larry Summers, along with Secretary of the Treasury Robert Rubin and Fed Chairman Alan Greenspan, led the fight against CFTC chairwoman Brooksley Born's attempt to regulate new financial derivatives. These derivatives include the MBS and CDO that are the root causes of the Great Financial Crisis. He also helped in the passage of the Gramm-Leach-Bliley Act, which was the final destruction of Great Depression era protections against Wall Street destroying the US economy. This man is in no way fit to be the chairman of the Federal Reserve, and thus be in control of US monetary policy. His inability to see the consequences of his policy decisions is proof that he should have no role in guiding the future of the US economy.

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