Larry Summers and the Subversion of Economics

By¬†Charles Ferguson, director and producer of the award-winning documentary Inside Job The Obama administration recently announced that Larry Summers is resigning as director of the National Economic Council and will return to Harvard early next year. His imminent departure raises several questions: Who will replace him? What will he do …

CDCUs Receive Nearly $70MM from Community Development Capital Initiative Treasury Program to Help CDCUs Expand Assistance to America’s Main Streets

Eight months after its launch by Secretary of the Treasury Geithner on February 3 the U.S. Department of the Treasury’s Community Development Capital Initiative (CDCI) has invested nearly $70 million in financial institutions that specialize in serving low-income and disadvantaged communities. The program targeted community development credit unions (CDCUs) and …