November 12th, 2013
08:34 PM ET

Former Obama official Larry Summers on Obamacare & Fed chair nominee

Former Obama official and Clinton Treasury Secretary Larry Summers came OutFront to discuss Obamacare and the economy. He also gives us his take on Janet Yellen's nomination for Federal Reserve chair, a job many thought he would be nominated for instead.

OutFront Extra: More of Erin Burnett's interview with Larry Summers.

Filed under: Economy • Federal Reserve • News • Obamacare
soundoff (2 Responses)
  1. Khagaraj Sommu

    Dear Erin,
    I watched your show last night.Many thanks for showing the handsome face of Larry Summers,though he has managed not to answer any of your questions.His very presence has been so inspiring.

    November 13, 2013 at 12:07 pm | Reply
  2. Joey at Purdue Univ

    “We’re still pleading guilty to being stupid and dumb, though. It was so complex, so large, so illiquid, so stupid. It didn’t get the rigor that it should have entailed... [but] there are huge benefits to size. We bank Caterpillar in like 40 countries. We can do a $20 billion bridge loan overnight for a company that’s about to do a major acquisition. Size lets us build a $500 million data center that speeds up transactions and invest billions of dollars in products like ATMs and apps that allow your iPhone to deposit checks. We move $2 trillion a day, and you can see it by account, by company. These aren’t, like, little things.

    And they accrue to the customer. That’s what capitalism is.”

    (Jamie Dimon, re: London Whale & Too Big To Fail)

    November 12, 2013 at 11:36 pm | Reply

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