Larry Summers, Harvard economist and the Director of the White House's National Economic Council, spoke earlier this month at Georgetown University, and he said our financial system will not be fixed until we move past the idea that there are institutions that are "too big to fail." "Market discipline," Summers said, can't be achieved "without the prospect of failure." Watch an excerpt of the speech below. The full speech is available from Fora.tv here.
Posted
10-02-2009 10:43 AM
by
Graham Griffith