UPDATE 4/4/09: The Obama administration has mastered the art of the Friday Night Disclosure (think: "transparency")Lawrence H. Summers, one of President Obama's top economic advisers, collected roughly $5.2 million in compensation from hedge fund D.E. Shaw over the past year and was paid more than $2.7 million in speaking fees by several troubled Wall Street firms and other organizations. Read more
BUT THAT'S NOT ALL!!!
Harvard Derivatives Whiz Fired For Emailing Larry Summers About "Frightening" Trades?
By Moe Tkacik - April 1, 2009, 1:31PM
A former quantitative analyst at Harvard Management Company, the university's once-vaunted endowment manager, tells the Harvard Crimson she was fired for voicing concern to then-university president Larry Summers' chief of staff about the money manager's risky use of derivatives the traders didn't understand. Read more
DO YOU SEE A PATTERN HERE???
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