The Globo Cop At Treasury

Secretary Summers wants to make the world his beat. Tax evaders and money launderers, beware

When Lawrence H. Summers stepped up from his No. 2 post at the Treasury Dept. to replace Secretary Robert E. Rubin last July, market mavens, finance ministers, and even normally skeptical Hill Republicans reacted with contented sighs. It wasn't hard to figure out why. The Rubin-era economy was purring. Treasury's coffers were overflowing. And Summers' reputation as a pro-market economist soothed the soul of even fervent GOP Rubin-bashers.

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