LS

Larry Summers​‌‌‌​​‌​‌‌​​​​​‌‌‌‍‍‌‌​‌​

person active
Clinton Treasury Secretary (1999-2001); suppressed CFTC derivatives regulation
Tracked:Clinton Treasury Secretary (1999-2001); suppressed CFTC derivatives regulation · 4 documented connections
5
Facts
4
Connections
5
Sources
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Connection Map
Key Connections
→ Commodity Futures Modernization Act of 2000 instrument
advocacy_and_benefit
Promoted derivatives deregulation, then earned millions in post-government private sector roles
→ Gary Gensler person
supervisor
Summers elevated Gensler and used him as point man for derivatives deregulation
← Robert Rubin person
protege_network
Summers was Rubin's deputy at Treasury, then succeeded him as Treasury Secretary. He continued the deregulation agenda, yelled at Brooksley Born on Rubin's behalf, then became Obama's NEC Director — ensuring continuity of Rubin's policy framework across three administrations.
← Robert Edward Rubin person
mentor_protege
Rubin mentored Summers who replaced him as Treasury Secretary
Facts (5)
Data Freshness
Fresh Last update: 8d ago · Avg age: 3593d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
Documented Records (5)
Sourced from government databases, press reports, and corporate filings. Not yet independently verified.
Primary Source Larry Summers told Brooksley Born 'I have 13 bankers in my office and they say if yo​‌‌‌​​‌​‌‌​​​​​‌‌‌‍‍‌‌​‌​u go forward with this you will cause the worst financial crisis since World War II'
Primary Source Treasury Secretary Summers urged Congress to pa​‌‌‌​​‌​‌‌​​​​​‌‌‌‍‍‌‌​‌​ss derivatives deregulation legislation in 2000
Primary Source Larry Summers elevated Gensler to Treasury U​‌‌‌​​‌​‌‌​​​​​‌‌‌‍‍‌‌​‌​ndersecretary after Rubin left for Citigroup
Primary Source Larry Summers advocated for Commodity Futures Modernization Act and testified that swaps should be largely unregulated
Date: 2000-01-01 Added: 15 Apr 2026 ↗ SOURCE: Congressional testimony and NPR reporting
Primary Source Larry Summers' net worth increased from $900,000 in 1999 to between $17-39 million by 2009
All Connections (4)
advocacy_and_benefit confirmed
Promoted derivatives deregulation, then earned millions in post-government private sector roles
→ Gary Gensler person
supervisor confirmed
Summers elevated Gensler and used him as point man for derivatives deregulation
← Robert Rubin person
protege_network primary
Summers was Rubin's deputy at Treasury, then succeeded him as Treasury Secretary. He continued the deregulation agenda, yelled at Brooksley Born on Rubin's behalf, then became Obama's NEC Director — ensuring continuity of Rubin's policy framework across three administrations.
← Robert Edward Rubin person
mentor_protege confirmed
Rubin mentored Summers who replaced him as Treasury Secretary
Sources (5)
1998-04-00 ↗ Michael Greenberger testimony and news reports web_search Processed
2000-11-01 ↗ NPR reporting on Summers' testimony supporting CFMA web_search Processed
1999-07-01 ↗ The Nation and other sources documenting Gensler's promotion under Summers web_search Processed
2000-01-01 ↗ Congressional testimony and NPR reporting web_search Processed
— ↗ Financial disclosure reports web_search Processed