Larry Summers, like Bill Clinton, still defends the reversal of the 1933 Glass-Steagall Act, a 1999 repeal that destroyed the wall between investment and commercial banking put into place by Franklin Roosevelt in response to the Great Depression.
WASHINGTON -- On the heels of his departure from the Obama administration, economist Jared Bernstein warned that Washington's political culture mislea...
WASHINGTON -- Larry Summers, the top presidential economic adviser whose pro-bank philosophy made him a lightning rod for liberal critics of the Obama...
The White House has been in the news this past week, mostly for who will be leaving it soon. One is tempted to insert the old "will the last to leave...
As a result of the government stepping in, the auto industry gained nearly 45,000 jobs, which was the highest rate of job growth in the auto sector in over a decade.
Showing just how far his previous economic ideology has fallen from grace, White House senior economics adviser Larry Summers went on to CNBC Tuesday ...
Eliot Spitzer is back with a vengeance as he blasts Treasury Secretary Timothy Geithner and Lawrence Summers, the director of Obama's economic council, calling the duo an "abject failure."
One more thought on the Supreme Court ruling that corporations have the 1st Amendment right to free expression and are therefore able to spend on ca...
It happened at least once a year, every year. In a roomful of a dozen Harvard University financial officials, Jack Meyer, the hugely successful head o...
In the dog days of August, you can be forgiven for not wanting to think about how it could get hotter, much hotter, in summers to come. Nevertheless, ...
White House National Economic Council Director Lawrence Summers chastised some banks that received government aid for not doing enough to reduce forec...
President Barack Obama's chief economic adviser Larry Summers said, on Friday, that the Congressional Budget Office "was acting reasonably" when it sa...
According to Summers and Geithner, the Obama plan to be revealed today promises that all derivatives dealers will be "subject to supervision, and regulators will be empowered to enforce rules against manipulation and abuse."
Feb. 5 (Bloomberg) -- Paul Volcker has grown increasingly frustrated over delays in setting up the economic advisory group President Barack Obama pick...