Lawrence Summers, former Treasury Secretary and current director of the National Economic Council, says "our financial system will not be failsafe until it is safe for failure." That was Summers's second point in the "six points for economic survival" he outlined in his speech at Stanford University's Economic Summit this past weekend. Watch this video for the other five points:
For more detail on where on of the White House's top economic policy advisers stands, watch the full video here.
(hat tip: Mark Thoma)
Posted
03-16-2010 9:50 AM
by
Graham Griffith