Larry Summers: Economy in Deep Trouble
Tuesday, Nov. 27, 2007 10:49 a.m. EST

Lawrence Summers, former U.S. Treasury Secretary under Bill Clinton, warned in an op-ed this week that the U.S. economy is in far deeper trouble than most people understand.
The subprime crisis, he wrote in The Financial Times, has moved from being a financial system issue to a potentially recession-inducing "threatâ€