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By Mark Memmott

Is the Obama administration's new financial regulatory reform plan more notable for what it doesn't do than for what it does, as The New York Times' Joe Nocera wrote this morning? He makes the case that the plan is a stopgap measure at best.

Former Treasury secretary Lawrence Summers, speaking earlier today with All Things Considered co-host Robert Siegel, argues that Nocera's got it all wrong:

Robert's interview of the Treasury secretary is due for broadcast on today's ATC. Click here to find an NPR station near you.

Correction: We initially got caught in a time warp and forgot the word "former" before "Treasury secretary." Summers was Treasury secretary in the Clinton administration. He now runs President Barack Obama's National Economic Council.

1:50 - June 18, 2009

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