Lawrence Summers on Big Banks Bonuses and No Lending
|Running Time: 154 seconds
||Published: 2011-01-27 06:05:33
Lawrence Summers berates big banks for the hypocrisy of handing out large corporate bonuses while reducing lending and protesting government fees. "I don't understand how you can logically maintain that paying out bonuses in large quantity has zero effect on lending," he says.
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