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Is a Big Problem Brewing for Larry Summers?
Economic Policy Journal ^ | December, 20, 2009 | Robert Wenzel

Posted on 12/21/2009 5:21:41 AM PST by Need4Truth

When Larry Summers was president of Harvard, a woman by the name of Iris Mack was fired from Harvard Capital Management. The problem with this?

A month before she was fired she sent Summers an email warning him about the quality of the portfolio managers at HMC and also about the dangerous derivatives positions that HMC was taking on that ultimately resulted in huge losses for Harvard.


The story of Summers' mismanagement of Harvard's finances appears to be a story that won't seem to die. Most recently showcased by Bloomberg.

Now focus appears to be picking up on Mack, an African-American female, fired by Summers or his staff. The same Summers who had to leave Harvard as president after he commented in a speech on what he called women’s lower innate aptitude for math and science.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Government; Politics
KEYWORDS: bailout; globaltax; harvard; harvardcapital; harvardcrooks; harvardinvestments; harvardmba; harvardmbas; harvardportfolio; hcm; irismack; larrysummers; lawrencesummers; mack; nec; obama; obamaadvisor; summers; tobintax

1 posted on 12/21/2009 5:21:43 AM PST by Need4Truth
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To: FromLori; blam; onyx; CondoleezzaProtege


2 posted on 12/21/2009 5:30:47 AM PST by hennie pennie
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