Larry Summers Tells a Big One

This is a better picture than most expected six or nine months ago.”

Actually Larry, it’s a whole lot worse than your team promised just six or nine months ago.

One other thing Larry, as it seems you’ve forgotten your role in all of this:  It was your “21st-century” idea that allowed investment banks to gain access to federally insured deposits.  It was your bonehead idea that gave risk-taking investment bankers, who hadn’t had access to that much cheap money since the Great Depression, an almost limitless supply of money to squander, leaving those of us who actually pay taxes to pick up the tab.

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Published in: on October 13, 2009 at 9:17 am  Leave a Comment  

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