28 Aug, 2013
‘End-Game’ Memo Shows How Banksters Ripped Apart Financial Regulation – Truthdig
A 1997 memo retrieved from the filing cabinet of investigative reporter Greg Palast shows the involvement of Lawrence Summers—Obama’s current favorite for chairman of the Federal Reserve—in a successful plan to help big bank CEOs “rip apart financial regulation across the planet.
”In the memo, future Treasury Secretary Timothy Geithner reminds “his boss to call the then most powerful CEOs on the planet and get them to order their lobbyist armies to march” to tear down financial safety regulations in all 156 nations party to the World Trade Organization.
Read the rest: Larry Summers and the ‘End-Game’ Memo – Truthdig.
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