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Larry Summers

This article is cross-posted from Naked Capitalism

There is so much crookedeness among our elites that it’s hard to know, absent more systematic study, whether Harvard is playing a leading role in this decline.

However, the glaring gap between Harvard president Drew Faust’s talk on ethics and her recent actions has stuck with me and I’ve concluded it merits discussion. (more…)

March 5th, 2012 | Comments (33)

Obama Picks Larry Summers' Favorite Tennis Partner As His New Economic Chief

Great news about Obama’s new pick to head the CEA, Alan Krueger, the so-called “labor economist.” Yeah, he labors all right: He labors hard to be Larry Summers’ tennis partner. And believe you me, being Larry Summers’ tennis partner is like…

August 29th, 2011 | Comments (27)

All Pain, No Gain: A Brief History of "Austerity Program" Massacres & Disasters

This article was first published in Alternet. Now that the shock of the Gabrielle Giffords shooting is starting to wear off and the country is returning to its normal insanity again, we’re back to facing a far worse, far more…

January 26th, 2011 | Comments (53)

The Last Puppet Show: An Eyewitness Account Of The Anti-I.M.F Protests In Washington D.C., April, 2000

This article was first published in The eXile on April 27, 2000. The nonviolent teach-in at a church in Colombia Heights just begged to be sneered at. You couldn’t help it. Here in the church basement, hundreds of protest-eager students…

September 5th, 2010 | Comments (8)

June 8th, 2010 | Leave Comment

Obama Administration's Crisis Catchphrase: "It's OutrAAAAgeous!"

It’s that time of the year again when AIG’s executive bonuses are announced…and as every American raised on sitcoms knows, this means it’s that time in the show when the plot-twist causes the audience to gasp, and the camera cuts…

February 3rd, 2010 | Comments (24)

"Reverse Repo Man": Bernanke's Plan To "Re-Rob" The Last $1 Trillion From Ordinary Americans And Hand It To The Oligarchs

There was a leak yesterday to Bloomberg that the Fed is making plans to “drain” $1 trillion from the US economy. Because supposedly our economy is overheating with too much money—not that anyone you or I know has seen a…

September 24th, 2009 | Comments (36)

Enemy Of Larry Summers' Ex-Boss Dies In Mysterious Helicopter Crash

What does the mysterious helicopter crash that killed one of India’s most popular politicians have to do with White House economic czar Larry Summers? Read on…

September 3rd, 2009 | Comments (191)

One Degree Of Larry Summers: Meet Larry’s Ex-Boss, A Billionaire With A Blood Feud

The best way to understand Larry Summers, the man who’s shaping America’s economy from his director’s chair at the National Economic Council, is to meet the people he hangs out with. Once you get to know Larry Summers’ crowd, nothing…

August 24th, 2009 | Comments (32)

Is Larry Summers Taking Kickbacks From The Banks He's Bailing Out?

Is Larry Summers taking kickbacks from the banks he’s bailing out? Last month, a little-known company where Summers served on the board of directors received a $42 million investment from a group of investors, including three banks that Summers, Obama’s…

May 30th, 2009 | Comments (17)