vanityfair.com - 19 days ago
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Throughout his dazzling but controversial career—top World Bank economist, Treasury secretary, Harvard University president, and now head of the White House National Economic Council—Larry Summers has been his own worst enemy. As friends, colleagues, and Summers himself try to explain his ...
accruedint.blogspot.com - 20 days ago
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accruedint.blogspot.com —
Yesterday myself and several other financial bloggers got
the chance to meet with several senior Treasury officials,
including the Secretary himself. It was a fascinating experience and I have to admit, it was just plain cool to be within the bowels ...
(more)
Accrued Interest: Financial Regulation: How would you ...
dailybail.com - 25 days ago
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dailybail.com —
Video: Dylan Ratigan, Spitzer & Glenn Greenwald Discuss
Federal Reserve Corruption & AIG. You're going to love
this. Eliot Spitzer goes off: "Larry Summers, Tim Geithner and Bob Rubin all pushed back against [those who supported regulating financial markets]. ...
(more)
Ratigan & Spitzer: "At What Point Is It A Crime? We Had ...
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Will the Real Larry Summers Please Stand Up?
DealBook —
... executive and Mr. Summers’s chief of staff for four years at the Treasury Department, paints a very different picture of Mr. Summers. “You always know exactly where you stand with Larry,” Ms. Sandberg told Vanity Fair. “He pulls no punches. He does nothing behind your back.” Go to Article from Vanity Fair »
Links 11/6/09
naked capitalism —
... for Glass Steagall Repeal, Building Citigroup Bloomberg
Banks Thwarting Feinberg Pay Model by Changing Bonus Formulas Bloomberg. I’d post on this, but it has been in “story to follow” mode for three hours.
Federal Reserve Loses Expanded Powers Proposed By Obama Administration Shahien Nasiripour Huffington Post
Wells Fargo Takes Chance With a Loan Exchange Wall Street Journal. More smoke and mirrors at Wells.
Endless Summers Vanity Fair (hat tip Ed Harrison). I suggest you not read this if you have just ...
Weekend Linky Dinks
UpsideTrader —
... The indices all managed a gain of over 3% for the week, gold hit all time highs, and despite all the fanfare that the greenback was ready to roar higher, it managed to end lower for the week. The trading range continues. Have a great weekend and enjoy the links. The billion dollar airbag. The buy and hold song. Pick your letter and make your bet. The Goldman boys. Gotta raise? Your job was saved . Galleon was more transparent. Cohan on Larry Summers Maheras, who helped blow up Citi starts a fund, why not? Pandit wrote the “How ...
Sunday links: hard knocks
Abnormal Returns —
... trade war between the US and China is heating up. (Aiki14, Free exchange, Infectious Greed)
Should the Fed meet with bloggers as well? (Aleph Blog)
An interview with Hunter of the Distressed Debt Investing blog. (Simoleon Sense)
The Larry Summers profile every one will be discussing. (Vanity Fair)
Why do people buy extended ...
Larry Summers is in charge -- may God help us all
winterspeak.com —
When I first typed in the title, I wrote "Gold" instead of "God". Freudian slip (if I were an Austrian). Just a quick quote from Vanity Fair on Larry Summers, the man behind Geithner: Summers has plenty of other things figured out as well, including the origins of the current financial crisis, for which he has crafted a cogent explanation worthy of his reputation as a policy wonk and his days as a college debating champion at M.I.T. “I think crises like this get made by multiple cascading misjudgments,” he explains, and then catalogues them: too much government ...
More on LHS
Greg Mankiw's Blog —
Vanity Fair profiles Larry Summers.
Sound Familiar?
Economic Principals —
... in Institutional Investor in 2006 that laid it out in considerable detail. Only this month, Vanity Fair published a profile of Summers without mentioning the episode – or ...
Related Content
Free Larry Summers
tnr.com 3/16/2009 — On a typical day, Larry Summers, the top White House economic adviser, sits in his office overlooking the Rose Garden and receives a near-endless succession of aides working on a stunning variety of issues. In a single, several-hour bloc, Summers ...
Larry Summers’ New Model
baselinescenario.com 4/27/2009 — Larry Summers spoke on Friday afternoon at the InterAmerican Development Bank in Washington DC. As he was addressing a group with much experience living through and dealing professionally as economists with major crises, he spoke the “language of economics” (as he called it) and ...
The good things about Larry Summers
blogs.reuters.com 10/5/2009 — Yikes the Ryan Lizza piece on Larry Summers is long -- over 11,500 words. And even then it manages to say absolutely nothing about some key issues, such as the $5.2 million he was paid by DE Shaw to work one day a week in 2008; neither does it talk ...
Is Physiognomy Destiny?
economicprincipals.com 3/23/2009 — Bonus-payment fury took center stage in Washington last week. The fever goaded Congress to a terrifying mood, the House and Senate competing to punish someone , never mind the Constitution. A classic Washington power-struggle unfolded in the ...
Larry Summers on Preventing and Fighting Financial Crises
baselinescenario.com 8/26/2009 — This fall I am taking a course on the “international financial crisis” taught by Jon Macey and Greg Fleming (yes, the former COO of Merrill Lynch). The first assigned reading is a speech that Larry Summers gave at the AEA in 2000 entitled “International Financial Crises: ...
Summers vs. Bernanke? I’d Take Summers
kudlowsmoneypolitics.blogspot.com 6/9/2009 — The New York Times ran a front-page story today on personal tensions between Larry Summers and other top Obama economic advisors. Parsing through it, it looks like Austan Goolsbee, who argued against the Chrysler bailout, has the cheekiest ...
Geithner and Summers Consolidating Power
nakedcapitalism.com 2/16/2009 — It looks like Tim Geithner and Larry Summers are executing a land grab. From the New York Times : President Obama has dropped the idea of appointing a single, powerful “car czar” to oversee the revamping of General Motors and Chrysler and will ...
"The Most Misunderstood Man in America"
economistsview.typepad.com 7/19/2009 — Michael Hirsh wonders why the Obama administration hasn't consulted Joe Stiglitz more often on economic policy issues, and suggests the answer is an ongoing
feud with Larry Summers:
The Most Misunderstood Man in America, by Michael Hirsh, ...
Summers Says U.S. Economy to Decline ‘For Some Time’ (Update3)
bloomberg.com 4/27/2009 — April 26 (Bloomberg) -- The U.S. economy will continue to contract “for some time to come,” said Lawrence Summers , director of the White House National Economic Council. “I expect the economy will continue to decline,” with “sharp declines in ...
The Case Against Larry Summers
emac.blogs.foxbusiness.com 7/20/2009 — Federal Reserve chairman Ben Bernanke presents the Fed’s semi-annual monetary-policy report on Capitol Hill tomorrow, the start of two-day hearings.
On tap will be the Fed’s massive quantitative easing programs and the exit strategy out ...