Larry Summers breaks down the banking crisis
GZERO World with Ian Bremmer
00:00
The Geopolitical Equivalent of What Liz Truss Did
If that legislation had never been passed, there's very little reason to suppose that the outcome of the economy would have been any different. So it is a big, big kind of problem. Not the biggest banks, this was on the medium side. That was bad misguided legislation. But I think the nature of what Liz Truss did and the particular problem in British pension funds was rather different than the problem that exists at S. V. B.
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