“Matthew Klein at WaPo reminds us of the reckless bet that Larry Summers made on interest rates when he was president of Harvard. The Harvard endowment suffered serious losses. These were the risky investments that Iris Mack warned Summers about in an email and which resulted in her getting fired. Summers is now being considered for chairmanship of the Federal Reserve, where he would be in charge of interest rate policy.”
http://www.economicpolicyjournal.com/2013/07/larry-summerss-billion-dollar-bad-bet.html
Related posts:
New Yorkers Chew Out Cops Over New Gun Control Law
TSA Officials Agree to Training Program for Police on Travelers’ First and Fourth Amendment Rights
Italian 5- and 10- year debt yields fall to record low
Alabama man sentenced to prison for tweeting ‘let’s kill the president’
$9 Billion in Government Checks Result in Some Parents Keeping Their Children Dumb
Guantanamo Gulag and the Human Rights Lie
Wisconsin lawmaker & state official threatened with arrest for observing protest
When Cops Don't Need a Warrant To Crash Through Your Door
Larry Lessig Threatened With Bogus DMCA Notice; Decides To Fight Back
Shutting Off the Money Tap
Judge Napolitano Versus Jesse Jackson On Bringing Homeland Security To Chicago
Reporting from Bitcoin Conference 2013
A Wider World of War: U.S. Special Forces Deployed to 149 Countries in 2017
Man persecuted over raw milk resurrects olive oil from thousand-year-old olive trees
Harvard researchers: US police killings should be a public health issue