“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
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bitcoin Wallet Extension Disappears From Chrome Due To Anti-Malware
Man facing criminal charges for swimming across river from Canada to U.S.
Who Built the Syrian Electronic Army?
The One Place You Must Go This Year
California Court Overturns 'Overly Lenient' LAPD Vehicle Impound Policy
Why it’s the Year of the Snake
Hawthorne PD Gets OWNED
Military Members Speak Out Against Syrian War Through Anonymous Meme
‘Smart shelves’ will track and influence shopper behavior
Sibel Edmonds: USA Is The Creator & Sustainer of Chechen Terrorism
Luzi Stamm: champion of a new Swiss gold initiative
"What is the Fed's Future?" with Roger Garrison
Government Continues Its Attack On The Fifth And Sixth Amendments
Even John McCain Is Having Second Thoughts about Drug Prohibition
Indiana: Court Overturns Stop For Hole In Tail Light