Lawrence Summers

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Still Doing God's Work On Wall Street

Robert Scheer | Posted 11.25.2009 | Business

Read More: Robert Scheer, Tarp, Treasury Secretary, Timothy Geithner, Goldman Sachs, Clinton, Lawrence Summers, Aig, Lloyd Blankfein, Business News

Why is Summers once again running the show with Geithner when both have made careers of exhibiting total contempt for the public interest? Because there's no accountability for the high rollers of finance.

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Washington: Totally Disconnected From Main Street

Don McNay | Posted 11.24.2009 | Business

Read More: Kentucky Guardianship Administrators, Hank Paulson, Certified Financial Consultant, Goldman Sachs, Dr. Lawrence Summers, George W. Bush, Progressives, Obama Economic Team, Lawrence Summers, Arianna Huffington, K Street, Timothy Geithner, Wall Street Bonuses, Lottery Winners, Secretary of the Treasury, Washington Real Estate, McNay Settlement Group, K Street Lobbyists, Republican National Committee, Charlie Rose, Richmond Kentucky, Double Digit Unemployment, Washington DC, Democratic National Committee, Clu, Dr. Alan Greenspan, Change We Can Believe In, Million Dollar Round Table, Big Money, Henry Paulson, Faculty Lounge, Structured Setlements, Alan Greenspan, Huffington Post, Small Business, President Obama, Sherrod Brown, Obama Administration, Main Street, Jobs, Depressions, Harvard, Ohio, Financial Crisis, Mark Twain, American College, Personal Finance, Msfs, Recessions, Chfc, Economic Crisis, Chairman of the Federal Reserve Board, Kentucky, Don McNay, Economic Despair, Chartered LIfe Underwriter, Wall Street, Vanderbilt University, Mike and the Mechanics, Warren Buffett, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Partisanship, Estate Tax, Business News

Operating a business on Main Street is a lot different than lecturing at the Harvard Economic Club. The team Obama surrounded himself with has spent way more time in a faculty lounge than in the corner barber shop.

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Who Are You and What Have You Done With the Community Organizer We Elected President?

Robert Scheer | Posted 11.18.2009 | Politics

Read More: Robert Scheer, Treasury Secretary, Timothy Geithner, Barack Obama, Federal Reserve, Neal Wolin, Lawrence Summers, Austan Goolsbee, Robert Rubin, Chris Dodd, Politics News

The fatal hallmark of this president's financial policy is that it is being designed by the very people who created the mess that enriched them while impoverishing the nation, and they now want more of the same.

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The Recession, President Obama and The Future. Do ideas matter?

Alan Miller | Posted 11.13.2009 | Politics

Read More: Justin Fox, Nouriel Roubini, Economy, President Obama, Lawrence Summers, Barack Obama, Recession, US Economy, Financial Meltdown, Bruce Bartlett, The Future, Financial Crisis, Paul Krugman, Global Financial Crisis, Timothy Geithner, Great Depression, Politics News

Recently, the Mayor of London, Boris Johnson, penned an article bemoaning the greed of bankers and hatred of politicians. Indeed, it has been a wid...

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10 Years Ago Today, Congress Allowed For "Too Big To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business

On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...

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Is the President Really in Charge?

Kathleen Reardon | Posted 11.04.2009 | Politics

Read More: Leadership, Courage, President Obama, Health Care Reform, Timothy Geithner, Afghanistan, Vice President Cheney, Lawrence Summers, Politics News

Why else would Obama be thinking of sending thousands of troops to Afghanistan? Why would he have nearly abandoned a health care public option? What happened to getting rid of lobbyists?

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2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 10.27.2009 | Business

Read More: Mid Term Elections, Upheaval, Congress, Kentucky Guardianship Administrators, Hank Paulson, Lobbyists, Bailouts, Consumer Spending, Big Money, Roger Ailes, Lawrence Summers, Arianna Huffington, State Legislature, Cnbc, Economic Pain, Unemployed, Lexington KY, Spending Cuts, Wall Street-Washington, Andrew Ross Sorkin, Timothy Geithner, Kenneth Feinberg, Inside the Beltway, McNay Settlement Group, Incumbants, Republican National Committee, City Council, High Unemployment, Ky, Willie Stark, Democratic National Committee, Pay Czar, Fox Business News, Clu, Anger, Louisville, Million Dollar Round Table, Ben Bernanke, Alan Greenspan, Bonuses, Czars, Jefferson Airplane, Small Business, President Obama, Congressional Elections, 2010 Elections, Washington, Main Street, donmcnay.com, Tea Parties, Msnbc, Unemployment, Tea Baggers, All the Kings Men, Rural Journalism, Financial Crisis, Housing Crisis, Running for Office, President Bush, Richmond, American College, Incumbant Politican, Personal Finance, Msfs, Chfc, Small Towns, Kentucky, Don McNay, www.mcnay.com, Structured Settlements, Layoffs, Wall Street Bailouts, Wall Street, Vanderbilt University, Robert Penn Warren, Self Dealing, Eastern Kentucky University, Fox News, Certified Structured Settlement Consultant, Glenn Beck, Cssc, Too Big to Fail, Bill O'Reilly, Business News

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

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Summers: Banks Are "Unintended Beneficiaries" Of The Bailout

The Huffington Post | Ryan McCarthy | Posted 11.02.2009 | Business

Read More: Tarp, Wall Street, Bailout, Lending, Tim Geithner, Financial Crisis, Henry Paulson, Banks, Ben Bernanke, Obama, Credit Markets, Lawrence Summers, Fiscal Policy, Business News

For Lawrence Summers, the president's economic adviser, the financial crisis is kind of like a military battle. Buried in this Wall Street Journal abo...

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Obama Administration Determined to Usher in New Great Depression

Allison Kilkenny | Posted 10.21.2009 | Business

Read More: Investment Banks, Commercial Banks, Gramm-Leach-Biley Act, Economy, President Obama, New York Times, Timothy Geithner, Paul Volcker, Lawrence Summers, Glass-Steagall, Business News

Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.

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Paul Volcker: How Obama Is Tuning Out The Former Fed Chairman

nytimes.com | LOUIS UCHITELLE | Posted 10.21.2009 | Business

Read More: Tim Geithner, Financial Reform, Federal Reserve, Banks, Obama Administration, Ben Bernanke, Paul Volcker, Lawrence Summers, Business News

Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in hi...

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Why Some Elites Never Have to Say They're Sorry

Jonathan Weiler | Posted 10.17.2009 | Living

Read More: Betsy Mccaughey, Evan Thomas, Tom Friedman, Andrew Sullivan, Lawrence Summers, Living News

It's sign of a corrupt political/intellectual culture that being wrong in highly consequential ways appears to have no bearing on your implicit moral standing to propound in weighty terms on the crucial issues of the day.

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Social Security Demand Shows Huge Increase Due To Recession

bloomberg.com | Jonathan D. Salant | Posted 10.05.2009 | Business

Read More: Social Security Administration, Barak Obama, Social Security, Retirement, George W. Bush, Lawrence Summers, Business News

Applications for Social Security benefits rose almost 50 percent more than expected this year because of the recession, according to the federal retir...

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Obama Not Doing Well Enough on Jobs

Steve Clemons | Posted 11.20.2009 | Business

Read More: Economic Recovery, Unemployment, Jobs, Obama, Paul Krugman, Lawrence Summers, Recession, GDP Recovery, Business News

A GDP recovery, which we are going to get, is something that the President of the United States should be apologizing for and for which he should be holding his economic team accountable.

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Is Double-Digit Unemployment Here to Stay?

TIME | Joshua Cooper Ramo Friday, Sep. 11, 2009 | Posted 11.11.2009 | Business

Read More: Double-Digit Unemployment, Recovery, Unemployment, Unemployment Rate, Lawrence Summers, Business News

Will creating jobs be that much slower too? Will double-digit unemployment persist even after we emerge from this recession? Has the idea of full empl...

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Obama White House Doesn't Understand American Interest vs. Corporate Interest

Steve Clemons | Posted 09.13.2009 | Politics

Read More: Robert Rubin, Corporate Real Estate, Small Business Administration, Bank Recapitalization, George Soros, Citibank, Timothy Geithner, US Economy, Lawrence Summers, Barack Obama, Politics News

The Obama administration's approach to trying to move the economy forward demonstrates a fundamental misunderstanding about how corporate behavior works.

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Obama Sees Hopeful Economic Signs in His Speeches

Andy Borowitz | Posted 08.05.2009 | Comedy

Read More: Borowitz Report, Andy Borowitz, Economy, Lawrence Summers, Barack Obama, Satire, Comedy News

"Every time I look at the TelePrompTer, I see the words 'turning the corner,'" Mr. Obama said. "That, to me, is a sign that we are turning the corner."

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U.S. And China Pledge 'Balanced Growth' After Meeting

AP | MARTIN CRUTSINGER | Posted 08.28.2009 | Business

Read More: U.S. China Trade, Vice-Premier-Wang-Qishan, Lawrence Summers, Tim Geithner, National Deficit, Business News

WASHINGTON — The United States and China on Tuesday pledged closer cooperation to deal with global hot spots such as Iran and the worst financia...

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Needed Medicine: A Dose of Inflation?

Jodie Allen | Posted 08.23.2009 | Business

Read More: Debt, U.S. Economy, Ben Bernanke, China, Inflation, Lawrence Summers, Business News

it's worth asking if a carefully monitored dose of inflation, might be the fastest -- and maybe only -- way to spring America free of its debtor's shackles.

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Not on the Job

Jodie Allen | Posted 08.18.2009 | Politics

Read More: Jobs, Economic Stimulus, Obama Economy, Leo Hindery, Lawrence Summers, Politics News

The consensus of economic wisdom now informs us that we are facing a jobless recovery. That might not be so bad if it hadn't been preceded by a long period of poorly paid prosperity.

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Women of Science

Lee Schneider | Posted 08.16.2009 | Living

Read More: Google, Women and Science, Integrative Medicine, Lawrence Summers, Marissa Mayer, Dr. Mona Lisa Schultz, Confirmation Hearings, Sonia Sotomayor, Living News

Intuition is at the core of the risk-taking nature of science. Guys like to call intuition "a hunch." But those making a career of intuition -- placing it center stage -- are more likely to be women.

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Bernanke Is In The Hot Seat While Obama Is Primed To Pick Several Fed Board Seats

The Huffington Post | Ryan McCarthy | Posted 07.24.2009 | Business

Read More: Fed, Chairman of the Federal Reserve, Bernanke, Barney Frank, Federal Reserve, Ben Bernanke, Chris Dodd, Lawrence Summers, Business News

How long will Ben Bernanke last as the Chairman of the Federal Reserve? Well, it depends on who you ask. Bernanke is scheduled to defend his record in...

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Summers Defends Record, Warns Of Seeing "False Dawns" In Economic Crisis

AP | JEANNINE AVERSA | Posted 07.13.2009 | Business

Read More: Larry Summers, Obama Economic Team, Economy, Lawrence Summers, Business News

WASHINGTON — President Barack Obama's economic adviser on Friday defended the administration's efforts to rescue banks, insurance companies and ...

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Obama's Call for Educating Women

David Gartner | Posted 07.06.2009 | World

Read More: Education, Obama Mideast Trip, Barack Obama Middle East, Obama Education, World Bank, Lawrence Summers, Burkina Faso, Bangladesh, Pakistan, Afghanistan, Cairo, World News

Education, especially for girls and women, is the most highly leveraged investment now available for developing countries.

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Fed Hires Former Enron Lobbyist To Improve Its Image

bloomberg.com | Robert Schmidt | Posted 07.06.2009 | Business

Read More: Transparency, Federal Budget Deficit, Ben Bernake, Federal Reserve, Linda Robertson, Ben Bernanke, Enron Lobbyist, Lawrence Summers, Business News

June 5 (Bloomberg) -- The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank's gr...

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