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Secretary of Greed: How Larry Summers Championed Wall Street By Impoverishing the Mexican People

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Hans Bennett

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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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At counterpunch.org

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Hans Bennett is a multi-media journalist mostly focusing on the movement to free Mumia Abu-Jamal and all political prisoners. An archive of his work is available at insubordination.blogspot.com and he is also co-founder of "Journalists for Mumia," (more...)