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Reply to "Summers over -- Larry S has withdrawn"
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[quote=Anonymous][quote=Anonymous]Summers is a brilliant man. Made some misstatements along the way, but don't be so sure that having a career academic without any real world experience is better for the job. [/quote] Do your homework before talking nonsense. He was one of the chief (and patronizing male) opponents of Brooksley Borne, the head of the CFTC, when she pleaded for better disclosure requirements from derivatives issuers, particularly in the CMO market. If these d....s had listened to her, the entire financial collapse might have been averted. He is one of the main architects of deregulation, and I can't fathom why Obama is soooo enamored with him.[/quote]
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