Check this out! Larry Summers, the proposed director of Obama's National Economic Council? David Corn really sounds a warning on Mother Jones blog. This creep, along with Gramm, Greenspan, and Rubin was in on the crucial moment that regulation was prevented. Now we know where the blame really should be placed for "derivatives" and "credit default swaps", whatever they really are, these creeps obviously never understood them, and don't to this day.   more »