Nonsense to Think the Stock Market is Driving Short-Termism: Summers

Oct.23 -- Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor and adviser to Democratic presidential nominee Joe Biden, rejects the idea that the stock market is encouraging short-termism. He points to Tesla as an example of the ability of companies to get capital for long-term developments and investments. He joins David Westin on "Bloomberg Wall Street Week."