As Treasury Secretary Mr Summers was a strong advocate for the elimination of Glass Steagall. He was also a very vocal and influential proponent of mortgage backed derivatives. Two major factors leading to the financial meltdown and the tax payer bailout of the Too Big to Fail Banks.
His appointment as FED Chairman would be a boon to Wall Street and a disaster of epic proportions for Main Street. His policies would accelerate and widen the already monstrous wealth gap in our nation.
Please...No to Lawrence Summers for FED Chair.
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