This is terrible news bloomberg.com/news/articles/…
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 merkley.senate.gov/news/press-rel…
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.theintercept.com/2015/12/28/oba…
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. theatlantic.com/business/archi…
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's the full story from @ryangrim huffingtonpost.com/2013/09/16/lar…
Oh, and top of all this, Larry Summers has a terrible climate record. Just say no to Larry Summers therevolvingdoorproject.org/a-larry-summer…
when Yellen's term ended, I wrote a little recollection of how astounding it was Larry Summers didn't become Fed Chair facebook.com/photo.php?fbid…
"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."
