Saturday, April 18, 2009

Obama's Top Economic Adviser Is Greedy and Highly Compromised

Among the payoffs Larry Summers received: $45K from Merrill Lynch days before he joined Obama's team. And it gets worse.

"But Summers, a leading architect of the administration's economic policies and response to the global recession, appears to have collected the most income. Financial institutions including JP Morgan, Citigroup, Goldman Sachs, Lehman Brothers and Merrill Lynch paid Summers for speaking appearances in 2008. Fees ranged from $45,000 for a Nov. 12 Merrill Lynch appearance to $135,000 for an April 16 visit to Goldman Sachs, according to his disclosure form." -- Washingtonpost.com

To view the rest of this extensive article click on the following link:
http://www.alternet.org/democracy/136008/obama%27s_top_economic_adviser_is_greedy_and_highly_compromised/

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