SUMMERS ON OBAMA'S NEW FINANCIAL REGULATIONS

摘要

As head of the President's National Economic Council, Larry Summers has been in the thick of the Obama Administration's efforts to confront the Great Recession and lead the country to recovery. Now he is at the center of the ambitious effort to regulate financial markets more tightly by redistributing power among the Washington agencies that oversee Wall Street. But there are those on the Street who view this latest Obama initiative as the equivalent of a choke chain on financial services. Summers is adamant that the reforms will result in more economic stability and, ultimately, a more enduring pros -perity. But first, of course, the legislation must get through Congress.