What do you think of Larry Summers views on the economy?
He talks about good paying jobs to give banks good loan targets-he also acknowledges many loan defaults (more so than previously acknowledged) can be linked to a weak economy and job loss. The Bush adm. seems to harp on loans being given to what would be considered poor risks.
Asked By: diceman - 11/25/2008
Best Answer - Chosen by Asker
Summers needs to get with the program of stricter regulation of the financial markets and coordinate globally the financial markets as per Nicolas Sarkozy... More
Answered By: Julius S - 11/25/2008
Additional Answers (1)
Summers directs his thought toward long-range economic policy by promoting substantial monetary and fiscal stimulus. Back in January he recommended 3 steps: repair the financial system, contain the damage caused by the housing sector, and work on global coordination of policy... More
Answered By: camille - 11/25/2008
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