LARRY SUMMERS GAMBLED & LOST $1.8 BILLION OF HARVARD’S MONEY – IMAGINE HOW MUCH HE CAN LOSE AS FED CHAIRMAN

The thought of this asswipe being the most powerful man on earth should scare the living shit out of every thinking person in America. That narrows it down to a few thousand TBP readers. His awful administration of Harvard from 2001 to 2006 lost the school $1.8 billion of school operating funds as he gambled on interest rate swaps and lost. It’s nice to know he has such a fine grasp on interest rates. He will be controlling them for the world in a few short months.

This guy’s resume is like a freaking train wreck. He was one of the architects of repealing Glass Steagall with his butt buddies Bob Rubin and Alan Greenspan. He single-handedly stopped Brooksley Born from putting any regulation into effect over the burgeoning derivatives market in the early 1990s. Thank God letting Wall Street banks combine with investment firms and then allowing them to issue a quadrillion dollars worth of derivatives of mass destruction didn’t have any adverse consequences on our economy.

This is the same boob who was the architect of the $800 billion Obama Porkulus Program, Cash for Clunkers, and the first time home buyer bullshit credit. He is a Keynesian disciple and is more beholden to the Wall Street criminals than Bernanke or Greenspan ever were. The dude was worth $400,000 in the mid 1990′s and now has a net worth as high as $31 million. Since he left the Obama Whitehouse he has been getting paid big bucks by insolvent Too Big to Trust Citigroup. Him and Bobby Rubin must sit up in the executive dining room eating aborted fetus souffle and laughing about all the good old times.

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