Larry Summers: Fox Guarding The Henhouse
Posted By admin On February 11, 2009 @ 4:39 am In Money Watch | Comments Disabled
George Washington’s Blog 
Wednesday, Feb 11, 2009
Lawrence Summers is the head of Obama’s National Economic Council, and as such oversees much of Obama’s economic policy.
Summers has a reputation in developing countries for being a nasty guy, having said  – as chief economist for the World Bank – that third world countries were “underpolluted”.
But more importantly, Summers is the guy responsible for:
- Repealing New Deal era legislation  which separated investment banks from commercial banks, insurers and stock brokers, and which kept companies from becoming “too big to fail”
In other words, Summers is one of the main guys who got us into this mess. Expecting him to really shake up the financial system is like asking the fox to guard the henhouse.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/larry-summers-fox-guarding-the-henhouse.html
URLs in this post:
 George Washington’s Blog : http://georgewashington2.blogspot.com/2009/02/larry-summers-fox-guarding-henhouse.html
 said: http://www.usnews.com/articles/news/politics/2008/11/24/10-things-you-didnt-know-about-lawrence-larry-summers.html
 thirty-three-to-one fractional reserve banking margins: http://www.democracynow.org/2008/11/25/naomi_klein_robert_kuttner_and_michael
 were not regulated: http://www.thenation.com/doc/20081201/scheer
 Image: http://www.prisonplanet.tv/subscribe.html
 Obama defends Larry Summers against charges he is unfit to be Fed chairman: http://www.prisonplanet.com/obama-defends-larry-summers-against-charges-he-is-unfit-to-be-fed-chairman.html
 Larry Summers Pushes Public-Private Infrastructure Bank Scheme: http://www.prisonplanet.com/larry-summers-pushes-public-private-infrastructure-bank-scheme.html
 Fox Guarding The Henhouse: Ex-Goldman Sachs Exec To Oversee Bailout: http://www.prisonplanet.com/fox-guarding-the-henhouse-ex-goldman-sachs-exec-to-oversee-bailout.html
 Larry Summers End Game for America: http://www.prisonplanet.com/larry-summers-end-game-for-america.html
 Summers Skews the Playing Field for the Big Boys, then Blames Skyrocketing Inequality on a “Ruthless Economy”: http://www.prisonplanet.com/summers-skews-the-playing-field-for-the-big-boys-then-blames-skyrocketing-inequality-on-a-ruthless-economy.html
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