Cybersecurity
Clinton Advisers: Larry Summers Gives Bad Advice on Wall Street
- He suggested she defend big banks, attack Sanders over votes
- E-mails on WikiLeaks lay out ex-Treasury secretary’s advice
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Earlier this year as Hillary Clinton faced a barrage of criticism from her Democratic primary opponent Bernie Sanders about her ties to Wall Street, former U.S. Treasury Secretary Larry Summers reached out to her campaign to offer some advice.
Among his recommendations: Stop trying to compete with Sanders’ attacks on the finance industry and instead promote economic growth. Show how the nation benefits from having banking behemoths that can hold their own against foreign rivals. Maybe remind voters that the Vermont senator opposed using taxpayer funds to bail out Wall Street during the 2008 financial crisis. Summers’s point was that had Congress not rescued lenders the U.S. might have faced a severe Depression.