Morning Roundup: Larry Summers Hasn’t Quit Yet

  • National Economic Council head Larry Summers, whom we’d forgotten about since he announced in September he’d be leaving the White House, said getting along with China would be crucial to America’s economic recovery. [WSJ]
  • The Congressional Oversight Panel has an idea for what to do about the foreclosure crisis: Stress tests! [CNNMoney]
  • The Federal Reserve is pouring $600 billion in monetary stimulus on the economy — economists, foreign officials and politicians be damned. [NYT]
  • In fact, New York Federal Reserve head William Dudley, who’s normally press-shy, gave an interview about quantitative easing. [CNBC]
  • Investors are so stoked to get a piece of majority government-owned automaker General Motors that the company is raising the price on tomorrow’s initial public offering. [Bloomberg]

mtaylor [at] observer. com | @mbrookstaylor