Lawrence Summers, White House chief economic adviser, speaks at the Buttonwood Gathering, Friday, Oct. 16, 2009 in New York. "A return to the status quo is unacceptable," Summers said. Banks must increase capital cushions and accept regulation and not be able to choose their own regulator, "playing one against the other," he added. AP Photo logo AP Photo 5 months ago

Lawrence Summers, White House chief economic adviser, speaks at the Buttonwood Gathering, Friday, Oct. 16, 2009 in New York. "A return to the status quo is unacceptable," Summers said. Banks must increase capital cushions and accept regulation and not be able to choose their own regulator, "playing one against the other," he added.

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  1. WASHINGTON - FEBRUARY 01: US President Barack Obama (C) speaks about his budget for fiscal year 2011, while flanked by Christina Romer (L) Chair of the Council of Economic Advisers, Treasury Secretary Timothy Geithner (2L), White House budget director Peter Orszag (2R) and economic adviser Lawrence Summers at the White House on February 1, 2009 in Washington, DC. Today President Obama sent Congress his proposed budget of $3.8 trillion for the fiscal year 2011. President Obama said his budget would eliminate tax cuts for those making more than $250,000.
  2. WASHINGTON - FEBRUARY 01: US President Barack Obama (C) speaks about his budget for fiscal year 2011, while flanked by Christina Romer (L) Chair of the Council of Economic Advisers, Treasury Secretary Timothy Geithner (2L), White House budget director Peter Orszag (2R) and economic adviser Lawrence Summers at the White House on February 1, 2009 in Washington, DC. Today President Obama sent Congress his proposed budget of $3.8 trillion for the fiscal year 2011. President Obama said his budget would eliminate tax cuts for those making more than $250,000.
  3. WASHINGTON - FEBRUARY 01: US President Barack Obama (C) speaks about his budget for fiscal year 2011, while flanked by Christina Romer (L) Chair of the Council of Economic Advisers, Treasury Secretary Timothy Geithner (2L), White House budget director Peter Orszag (2R) and economic adviser Lawrence Summers at the White House on February 1, 2009 in Washington, DC. Today President Obama sent Congress his proposed budget of $3.8 trillion for the fiscal year 2011. President Obama said his budget would eliminate tax cuts for those making more than $250,000.
  4. WASHINGTON - FEBRUARY 01: US President Barack Obama (C) speaks about his budget for fiscal year 2011, while flanked by Christina Romer (L) Chair of the Council of Economic Advisers, Treasury Secretary Timothy Geithner (2L), White House budget director Peter Orszag (2R) and economic adviser Lawrence Summers at the White House on February 1, 2009 in Washington, DC. Today President Obama sent Congress his proposed budget of $3.8 trillion for the fiscal year 2011. President Obama said his budget would eliminate tax cuts for those making more than $250,000.
  5. WASHINGTON - FEBRUARY 01: US President Barack Obama (C) speaks about his budget for fiscal year 2011, while flanked by Christina Romer (L) Chair of the Council of Economic Advisers, Treasury Secretary Timothy Geithner (2L), White House budget director Peter Orszag (2R) and economic adviser Lawrence Summers at the White House on February 1, 2009 in Washington, DC. Today President Obama sent Congress his proposed budget of $3.8 trillion for the fiscal year 2011. President Obama said his budget would eliminate tax cuts for those making more than $250,000.
  6. WASHINGTON - FEBRUARY 01: US President Barack Obama (C) speaks about his budget for fiscal year 2011, while flanked by Christina Romer (L) Chair of the Council of Economic Advisers, Treasury Secretary Timothy Geithner (2L), White House budget director Peter Orszag (2R) and economic adviser Lawrence Summers at the White House on February 1, 2009 in Washington, DC. Today President Obama sent Congress his proposed budget of $3.8 trillion for the fiscal year 2011. President Obama said his budget would eliminate tax cuts for those making more than $250,000.
  7. WASHINGTON - JANUARY 21: President Barack Obama (C) delivers remarks on financial reform as (2nd-L-R) Chair of the Council of Economic Advisors Christina Romer, U.S. Treasury Secretary Timothy Geitner, U.S. Rep. Barney Frank (D-MA), former chairman of the U.S. Federal Reserve Paul Volcker, Vice President Joe Biden, former Security and Exchange Commission (SEC) Chair William Donaldson, Senate Banking Committee Chairman Christopher Dodd (D-CT), White House National Economic Council Director Larry Summers and White House Budget Director Peter Orszag look on in the Diplomatic Reception Room on January 21, 2010 in Washington, DC. Obama announced measures to narrow the size and scope of banks and their investment activities.
  8. WASHINGTON - JANUARY 21: White House National Economic Council Director Larry Summers listens as President Barack Obama delivers remarks on financial reform in the Diplomatic Reception Room on January 21, 2010 in Washington, DC. Obama announced measures to narrow the size and scope of banks and their investment activities.
  9. WASHINGTON - JANUARY 21: President Barack Obama (C) delivers remarks on financial reform as (L-R) Chair of the Council of Economic Advisors Christina Romer, U.S. Treasury Secretary Timothy Geitner, U.S. Rep. Barney Frank (D-MA), former chairman of the U.S. Federal Reserve Paul Volcker, Vice President Joe Biden, former Security and Exchange Commission (SEC) Chair William Donaldson, Senate Banking Committee Chairman Christopher Dodd (D-CT), White House National Economic Council Director Larry Summers and White House Budget Director Peter Orszag look on in the Diplomatic Reception Room on January 21, 2010 in Washington, DC. Obama announced measures to narrow the size and scope of banks and their investment activities.
  10. WASHINGTON - JANUARY 21: White House Budget Director Peter Orszag (R) and White House National Economic Council Director Larry Summers leave after listening to President Barack Obama deliver remarks on financial reform in the Diplomatic Reception Room on January 21, 2010 in Washington, DC. Obama announced measures to narrow the size and scope of banks and their investment activities.
  11. WASHINGTON - JANUARY 21: President Barack Obama (2nd-L) exits after delivering remarks on financial reform as (L-R) U.S. Rep. Barney Frank (D-MA) leaves while, former chairman of the U.S. Federal Reserve Paul Volcker shakes hands with Vice President Joe Biden, as former Security and Exchange Commission (SEC) Chair William Donaldson, Senate Banking Committee Chairman Christopher Dodd (D-CT), White House National Economic Council Director Larry Summers and White House Budget Director Peter Orszag look on in the Diplomatic Reception Room on January 21, 2010 in Washington, DC. Obama announced measures to narrow the size and scope of banks and their investment activities.
  12. WASHINGTON - JANUARY 21: President Barack Obama (C) delivers remarks on financial reform as (2nd-L-R) Chair of the Council of Economic Advisors Christina Romer, U.S. Treasury Secretary Timothy Geitner, U.S. Rep. Barney Frank (D-MA), former chairman of the U.S. Federal Reserve Paul Volcker, Vice President Joe Biden, former Security and Exchange Commission (SEC) Chair William Donaldson, Senate Banking Committee Chairman Christopher Dodd (D-CT), White House National Economic Council Director Larry Summers and White House Budget Director Peter Orszag look on in the Diplomatic Reception Room on January 21, 2010 in Washington, DC. Obama announced measures to narrow the size and scope of banks and their investment activities.
  13. WASHINGTON - JANUARY 14: U.S. President Barack Obama (C) speaks about the financial crisis responsibility fee in the Diplomatic Reception Room at the White House as Christina Roemer (L), Chairperson, Council of Economic Advisers, U.S. Secretary of the Treasury Timothy Geithner (2nd L), Lawrence Summers (2nd R), Director, National Economic Council, and Peter Orszag, Director, Office of Management and Budget look on January 14, 2010 in Washington, DC. Obama proposed that the bank on Wall Street pay back taxpayers up 117 billion dollars for the bailout they received during the financial crisis.
  14. WASHINGTON - JANUARY 14: Lawrence Summers (L), Director, National Economic Council and Peter Orszag, Director, Office of Management and Budget, arrive before U.S. President Barack Obama speaks about the financial crisis responsibility fee in the Diplomatic Reception Room at the White House January 14, 2010 in Washington, DC. Obama proposed that the bank on Wall Street pay back taxpayers up 117 billion dollars for the bailout they received during the financial crisis.
  15. WASHINGTON - JANUARY 14: U.S. President Barack Obama (C) speaks about the financial crisis responsibility fee in the Diplomatic Reception Room at the White House as Christina Roemer (L), Chairperson, Council of Economic Advisers, U.S. Secretary of the Treasury Timothy Geithner (2nd L), Lawrence Summers (2nd R), Director, National Economic Council, and Peter Orszag, Director, Office of Management and Budget look on January 14, 2010 in Washington, DC. Obama proposed that the bank on Wall Street pay back taxpayers up 117 billion dollars for the bailout they received during the financial crisis.
  16. WASHINGTON - JANUARY 14: U.S. President Barack Obama speaks about the financial crisis responsibility fee in the Diplomatic Reception Room at the White House as Lawrence Summers, Director, National Economic Council looks on January 14, 2010 in Washington, DC. Obama proposed that the bank on Wall Street pay back taxpayers up 117 billion dollars for the bailout they received during the financial crisis.

Recent Photos From The Wire

  1. WELLINGTON, NEW ZEALAND - MARCH 19: Michael Clarke of Australia celebrates scoring a century during day one of the First Test match between New Zealand and Australia at Westpac Stadium on March 19, 2010 in Wellington, New Zealand.
  2. A security guard stands in position in the headquarters of Aluminum Corp of China (Chinalco) in Beijing March 19, 2010. Anglo-Australian miner Rio Tinto signed a $2.9 billion agreement with Chinese metals group Chinalco on Friday to jointly develop an iron ore project in Guinea in a deal that could repair Sino-Australian relations.
  3. WELLINGTON, NEW ZEALAND - MARCH 19: Michael Clarke of Australia walks from the field at the end of the days play with team mate Marcus North during day one of the First Test match between New Zealand and Australia at Westpac Stadium on March 19, 2010 in Wellington, New Zealand.
  4. WELLINGTON, NEW ZEALAND - MARCH 19: Michael Clarke of Australia celebrates scoring a century during day one of the First Test match between New Zealand and Australia at Westpac Stadium on March 19, 2010 in Wellington, New Zealand.
  5. WELLINGTON, NEW ZEALAND - MARCH 19: Michael Clarke of Australia walks from the field at the end of the days play with team mate Marcus North during day one of the First Test match between New Zealand and Australia at Westpac Stadium on March 19, 2010 in Wellington, New Zealand.
  6. WELLINGTON, NEW ZEALAND - MARCH 19: Michael Clarke of Australia celebrates scoring a century with team mate Marcus North during day one of the First Test match between New Zealand and Australia at Westpac Stadium on March 19, 2010 in Wellington, New Zealand.
  7. WELLINGTON, NEW ZEALAND - MARCH 19: Michael Clarke of Australia celebrates scoring a century during day one of the First Test match between New Zealand and Australia at Westpac Stadium on March 19, 2010 in Wellington, New Zealand.
  8. Filipino activists stage a die-in while chanting slogans as they display a poster of Myanmar's pro-democracy leader Aung San Suu Kyi, during a rally by the Free Burma Coalition group outside the Myanmar embassy in Manila's Makati financial district March 19, 2010. A statement from the group said they held a rally to denounce Burmese junta's election laws that excludes democracy icon Aung San Suu Kyi and other opposition parties from Myanmar's upcoming 2010 elections.
  9. Film and television producer Jerry Bruckheimer, recipient of the ShoWest Lifetime Achievement Award, poses before the awards ceremony at the Paris Las Vegas during ShoWest, the official convention of the National Association of Theatre Owners, in Las Vegas, Nevada March 18, 2010.
  10. Bollywood actor Amitabh Bachchan poses with the Best Actor award during the FICCI Frames 2010 Excellence awards ceremony in Mumbai March 18, 2010. Picture taken March 18, 2010.
  11. New Mexico guard Dairese Gary, top, shoots over Montana forward Jack McGillis in an NCAA first-round college basketball game in San Jose , Calif., Thursday, March 18, 2010.
  12. New Mexico guard Dairese Gary, top, shoots over Montana center Brian Qvale in an NCAA first-round college basketball game in San Jose , Calif., Thursday, March 18, 2010.
  13. Chicago Blackhawks center Patrick Sharp (10) collides with Los Angeles Kings goalie Jonathan Quick, rigtht, during the third period of an NHL hockey game, Thursday, March 18, 2010, in Los Angeles. Blackhawks won 3-0.
  14. New Mexico forward Roman Martinez, right, and Montana forward Derek Selvig, left, battle under the basket during the second half of their NCAA first-round college basketball game in San Jose, Calif., Thursday, March 18, 2010. New Mexico won the game 62-57 and Martinez scored 19 points.
  15. Los Angeles Kings left wing Raitis Ivanans, of Latvia, left and Chicago Blackhawks left wing Ben Eager (55) fight during the third period of an NHL hockey game, Thursday, March 18, 2010, in Los Angeles. Blackhawks won 3-0.
  16. Chicago Blackhawks left wing Ben Eager looks over at Los Angeles Kings center Anze Kopitar (11), of Slovakia, as he celebrates right wing Tomas Kopecky's goal with teammate defenseman Duncan Keith (2) during the third period of an NHL hockey game, Thursday, March 18, 2010, in Los Angeles. Blackhawks won 3-0.