Surprise! Larry Summers Was A Managing Director Of The Sixth-Largest Hedge Fund

[MannyGoldstein]

A funny and sad story: I was talking to my dad this afternoon, bemoaning how Obama is surrounding himself with people who did favors for Wall Street under Clinton, then left to make tens or hundreds of millions on Wall Street in record time: quid pro quo for a job very well done.

My dad basically agreed, except for Larry Summers - he believed that Summers is truly repentant about his leadership in job-obliterating "free" trade with microwage nations, and that he wasn't a Wall Street guy. I bet my dad $10 that Summers made at least $10 million on Wall Street after doing them favors.

It took only a few minutes to find out that upon "leaving" Harvard, Summers joined D. E. Shaw as a managing director. D. E. Shaw is the http://www.iimagazine.com/Rankings/rankingsHeFu100RGlobal08.aspx?src=http://www.iimagazinerankings.com/rankingsHeFu100RGlobal08/rankings.asp">sixth largest hedge fund on Earth. Summers http://curiouscapitalist.blogs.time.com/2007/01/25/continuing_to_defend_larry_sum/">won't say what he does there, or what he gets paid. Haven't found out if he's left yet.

I guess I win the bet.

These people are so fucking predictable that it blows my mind. BOHICA.

[dkf]

1. I thought you were talking about the US, but I guess that would

be the #1 hedge fund.

[Hutzpa]

2. .