WASHINGTON — Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed Friday in releasing financial information about top officials.
A White House spokesman, Ben LaBolt, said the compensation was not a conflict for Mr. Summers, adding it was not surprising because he was “widely recognized as one of the country’s most distinguished economists.”
No not a conflict at all. The big firms have the ear of the fellow next to the president and pays him directly when he shows up to give pep talks. So when the choice is between not bailing out and bailing out what do YOU think he's going to decide?
We told you Summers was dirty and a part of the problem a long time ago didn't we?
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