Not only that, Summers also conspired with a cabal of banker big-shots to deregulate the banks of the entire world. Summers and his cronies forced nearly every government in the world to sign the Financial Services Agreement, an addendum to the international trade agreements managed by the World Trade Organization. The only country that refused was Brazil, one of the few countries who avoided the worst of the 2008 crisis. Summers pushed all of this deregulation to make the bankers richer as the 2008 crisis was essentially a massive wealth transfer from the people to the bankers. With Summers still very influential in the US government, his work will only make the inequality divide in the US worse with time.
