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This is terrible news https://www.bloomberg.com/news/articles/2020-04-23/larry-summers-advising-biden-campaign-on-economic-recovery?sref=f7rH2jWS">https://www.bloomberg.com/news/arti...
In run up to a vote on unlocking the second tranche of bailout funds to Wall Street, Summers promised progressive Senators like Jeff Merkley he would devote a significant portion of this package directly to families facing foreclosure – $50 to $100 billion https://www.merkley.senate.gov/news/press-releases/merkley-statement-on-troubled-asset-relief-program-vote">https://www.merkley.senate.gov/news/pres...
They did not. Instead the Obama Administration created HAMP, a disaster of a program that only helped families facing foreclosure if it was in the best interest of the bank holding loan. https://theintercept.com/2015/12/28/obama-program-hurt-homeowners-and-helped-big-banks-now-its-dead/">https://theintercept.com/2015/12/2...
In run up to stimulus, Chief Economist Christina Romer put together a $1.8 trillion plan to rescue the economy that Larry Summers refused to even show Obama. https://www.theatlantic.com/business/archive/2012/02/could-memo-christina-romer-have-saved-economy/331392/">https://www.theatlantic.com/business/...
Because of the broken promise on helping families thru TARP and decades of deregulation that ruined the economy, when Obama floated Summers for Fed Chair, a coalition of progressive and populist Senators killed it. Here& #39;s the full story from @ryangrim https://www.huffingtonpost.com/2013/09/16/larry-summers-federal-reserve_n_3935861.html">https://www.huffingtonpost.com/2013/09/1...
Oh, and top of all this, Larry Summers has a terrible climate record. Just say no to Larry Summers https://therevolvingdoorproject.org/a-larry-summers-comeback-would-threaten-climate-justice/">https://therevolvingdoorproject.org/a-larry-s...
when Yellen& #39;s term ended, I wrote a little recollection of how astounding it was Larry Summers didn& #39;t become Fed Chair https://www.facebook.com/photo.php?fbid=10100227453074286&set=a.538476446996&type=3&theater">https://www.facebook.com/photo.php...
"Few people are more responsible for the financial deregulation that led to great recession -- millions of families losing their homes, their livelihoods, and their way of life, than Larry Summers."
