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| Permalink View Article Stats Secretary of Greed: How Larry Summers Championed Wall Street By Impoverishing the Mexican People Quicklink submitted by Hans Bennett (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Summers, while serving as under secretary of the Treasury in 1995, engineered the destruction of Mexico's economy by increasing interest rates to unmanageable levels-business and farm loans went from 11% to 56%, credit card rates from 7% to 61%, home loans from 5% to 75%, car loans from 7% to 91%. The result was massive human suffering and the forced migration of millions of economic refugees to the United States. |
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