Former U.S. Treasury Secretary: U.S. is facing the biggest risk of recession since 911!.

<P>: Http://finance. Hearing, former U.S. Treasury Secretary Larry Summers, 26, said that the U.S. financial market crisis is over too early, on the contrary, the U.S. recession has greatly increased the probability .. .</ P> <P> Summers is the interview with ABC made the remarks in an interview. .He said that although the intervention of the Fed loan to ease the crisis caused by financial market selling pressure, but the U.S. economy is currently facing the risk of recession was in 2001, "9.11" high. .</ P> <P> He believes that the financial markets last week there have been some signs of repair and tended to be normal, but at least two aspects of view, concluded that the crisis has ended too early: First, the U.S. real estate prices .fell a heavy blow people's confidence in the mortgage market, therefore, difficult to say whether the financial industry will happen more eventualities; Secondly, there is not enough time to judgments of the crisis on the U.S. economy and what it means to employment. .</ P> <P> He criticized the U.S. government did not pass the government-backed mortgage lender in time to help homeowners who face debt-servicing difficulties, but simply to focus on those junk loans on the lending company. .</ P> <P> 1999-2001 Summers, U.S. Treasury Secretary during the period, after he served as the outgoing president of Harvard University, now working in a New York investment bank. .</ P>.