04 June 2009

Reports that Larry Summers Took Semi-Legal Bribes

Mark Ames notes that it looks like the banks, knowing that he would be in a position to exert significant authority over them after a new administration came in, bought him off ahead of time by investing in start-up companies where he was on the board only because of his expected future political clout.

This has been his history during his entire career, and the revolving door keeps turning.

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