Barry Ritholtz expresses my view almost exactly, Summers was a major player in the gang (gang who couldn't shoot straight) who dismantled Glass Steagal and allowed derivatives to run amok while propagating low rates and allowing lowering of lending standards to absurd levels. This took about 10 years to culminate in a near world monetary collapse which may yet happen in the next few years. It's so good to hear some truth on CNBC once in a while.

http://www.cnbc.com/id/15840232?video=1597584434&play=1