Felix Salmon takes issue with Larry Summer’s recent speech on the financial crisis. He takes him to task as not fessing up to the trouble that he himself influenced.
Top of the list, just by dint of his present importance in the government, is Larry Summers. In his tenure as a senior Treasury official during the Clinton years, Summers was intimately involved in laying the regulatory and philosophical foundations for the bubble.
Of course, Salmon doesn’t believe the Summers is solely responsible for the meltdown of the U.S. economy. Salmon wants to see a litany of apologies from a whole cast of characters, including:
- Bob Rubin
- Sandy Weil
- Greenspan
- Ken Lewis
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