People Opposed Summers Because He Helped Give Us an Over-Valued Dollar and Massive Trade Deficit

In an interesting column discussing the splits on economic issues in the Democratic Party and how they affect Hillary Clinton's prospects for 2016, Harold Meyerson noted progressives opposition to Larry Summers as Fed chair. He told readers:

"To the liberals, Summers’s sin was his central role in deregulating derivatives when he served as Bill Clinton’s Treasury secretary as well as his support for repealing the Glass-Steagall Act, a change that allowed previously safe depositor banks to use...