Saturday, April 4, 2009

Financial Industry Paid Millions to Obama Aide

WASHINGTON — Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed Friday in releasing financial information about top officials.

I believe a phrase from Shakespeare's Hamlet fits well here, "Something is rotten in the state," and I'm afraid it's just going to keep on stinking.

1 comment:

eutychus said...

Thanks Marcus for that post. Haven't heard from you in a while...