Larry Summers, President Obama's chief economic adviser, says there are times when Americans fear excessive government, and other times, like the Great Depression, when they want more government involvement. He also believes that one of those times is... now.
In an exclusive interview with DailyFinance, the former Treasury Secretary, who now leads the White House's economic council, explains how the administration's reform plan would address several causes of the crisis.
Lawrence Summers, director of the White House's National Economic Council, will discuss financial reform and the condition of the American economy at the National Constitution Center in Philadelphia, Pennsylvania on May 27 at 7:00. DailyFinance readers can see the lecture live -- just click on the headline to go the live stream.
President Obama's Economic Advisor will review the state of the economy Thursday at the National Constitution Center. As the event's media partner, DailyFinance invites readers to submit questions and watch the event live!
The White House is trying to whip up support for the new Financial Reform bill, which creates an agency with broad powers to protect consumers from abusive practices of financial services firms. The bankers aren't thrilled.