Tuesday, September 3, 2013

Failing Up to the Fed, A Reporters' Guide to the Paper Trail Surrounding Larry Summers

Failing Up to the Fed, A Reporters' Guide to the Paper Trail Surrounding Larry Summers
"In the shadows, between 2000-2008, the OTC derivatives market grew from $95.2 trillion to $672.6 trillion, notational value. When the dark market deals started to go sour, the impact was felt around the world. The man who was featured on the cover of Time Magazine as part of the "Committee to Save the World" with Robert Rubin and Alan Greenspan in 1999, instead helped bring it to its knees."