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Envirogal

(234 posts)

36. One of the architects of the 2008 financial crisis

Sat Jun 28, 2025, 04:33 PM

Jun 28

He helped “deregulate” the old guard financial regulations that held things together by keeping a cement wall between “boring”, stable banking and the casino of investment banking. My former congressman, Jim Leach of Iowa even has his name on the bill, Grahamm, LEACH, Bliley Act that did away with Glass-Steagel. https://www.theatlantic.com/politics/archive/2010/09/larry-summers-s-legacy/344091/

My favorite memory of Summers is his creepy face when Jon Stewart annihilated him in an interview.

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Incanus

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Highlight:

Robt. Reich: Leave it to the Democratic Party to snatch an existential crisis from the jaws of electoral victory. [View all] IrishBubbaLiberal Jun 27 OP

There are many good reasons to ignore Larry Summers. Passages Jun 27 #1

Both parties have been taken over by the oligarchs. Bluetus Jun 27 #4

Larry Who...? Montauk6 Jun 27 #15

He is mentioned in Robert Reich's OP Passages Jun 27 #21

I am convinced that one of the most successful strategist from republicans has been to inflitrate republicans Escurumbele Jun 28 #34

Mamdani and other young politicians with the charisma to connect with the people and a willingness to take on corporate elleng Jun 27 #2

I hope we become more progressive in the US - seems like we are walkingman Jun 27 #3

The less we hear from Summers, the better off we all will be. Raven123 Jun 27 #5

One of the architects of the 2008 financial crisis Envirogal Jun 28 #36

Maybe a Phoenix is our main chance... BurnDoubt Jun 27 #6

Big tent? Beck23 Jun 27 #7

Aren't you supposed to learn something after an election? Grins Jun 27 #8

Same goddamn comments after President Obama Aviation Pro Jun 27 #9

Reich is right about this. yardwork Jun 27 #10

If you ask me, I'd rather get rid of Third Way. Just saying - they are a losing ticket. n/t PatrickforB Jun 27 #11

Kicked. KPN Jun 27 #12

All nice, but you can't run a campaign on charisma alone, not nationally anyway. bucolic_frolic Jun 27 #13

Biden's lack of charisma probably hurt especially near the end of his term AZProgressive Jun 27 #20

I interpret you're saying neither relying on corporate cash... returnee Jun 28 #29

Matt Bennett is not "the Democratic Party" BaronChocula Jun 27 #14

And... Leave it to Robert Reich... Oopsie Daisy Jun 27 #16

NY US Senator Gillibrand attacking Mamdani is EXACTLY the problem Reich states IrishBubbaLiberal Jun 27 #17

Why does he amplify it? Oopsie Daisy Jun 27 #19

I read that he is pointing out... returnee Jun 28 #30

they're all singing the same song stillcool Jun 27 #27

Isn't Third Way supposed to be "nonpartisan"? JHB Jun 27 #18

IMO Third Way has some explaining to do. Republican lite is not a solution it is capitulation to the corporate state Ford_Prefect Jun 27 #22

He wont be mayor if Cuomo splits the vote Figarosmom Jun 27 #23

LOL - Right, New York is going to elect Red Barrett guy maxrandb Jun 27 #25

Repubicans will do whatever it takes Figarosmom Jun 28 #40

I think Cuomo will split votes with Eric Adams AZProgressive Jun 27 #26

Hope you're wrong. returnee Jun 28 #31

I think Adams and Cuomo's giant egos fujiyamasan Jun 28 #37

I want someone who will fight, fight the GOP, fight Trump, fight MAGA and fight the Oligarchs. Dan Jun 27 #24

I partially blame the voters of the United States. chouchou Jun 27 #28

Americans love their socislism. Beck23 Jun 28 #32

Like, what else Just Jerome Jun 28 #33

I expect malicious drivel from Republicans... GiqueCee Jun 28 #35

Sometimes..... beemerphill Jun 28 #38

Mamdani's primary victory certainly a gift to the Democratic Party notwithstanding. David__77 Jun 28 #39