# Larry Summers American economist who was Treasury secretary under Bill Clinton, president of Harvard from 2001 to 2006, and director of the National Economic Council under Barack Obama. As deputy Treasury secretary and then secretary he backed the financial deregulation of the Clinton years, including the [[Commodity Futures Modernization Act]] and the repeal of the [[Glass-Steagall Act]]. ## Why it's on the map Summers was the most prominent Democrat on the advisory board of the [[University of Austin]], and his name was part of the new university's answer to the charge that it was a right-wing project. He resigned on July 18, 2025, saying he was "not comfortable with the course that UATX has set," the day after its president, [[Carlos Carvalho]], endorsed a call to tie federal funding for universities to new conditions. He joined the board of [[OpenAI]] in November 2023 and resigned in November 2025, after Congress released emails showing years of correspondence between him and [[Jeffrey Epstein]]. He stepped back from his other public roles at the same time and resigned his Harvard professorship in February 2026 while the university reviewed those ties. > [!note] Stub > This is a short entry that hasn't been fully written yet. ## Connections - [[University of Austin]] · [[Joe Lonsdale]] · [[Carlos Carvalho]] - [[OpenAI]] · [[Jeffrey Epstein]] - [[Commodity Futures Modernization Act]] · [[Glass-Steagall Act]] · [[Trial Balloon]]