Larry Summers On The Next U.S. Debt Downgrade
Summers on the cliff, last week on Bloomberg. Runs 1 minute.
'Nobody who holds Treasuries should worry about getting paid. The U.S. will meet all its obligations.'
If you remember, both Summers and Geithner guaranteed last year that the U.S. would never be downgraded, and then it happened a few months later, in August of 2011. So Mr. Somnolence is choosing his words quite carefully in this clip.
- Recent rumors say Summers will replace Bernanke in 2014...
- Don't Let Larry Anywhere Near Your Investments...
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Full interview:
Larry Summers on the economy, cliff, deficit, spending and taxes.
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Here's a bonus:
Larry Summers As Realized In Cinema From The Social Network
Evidently, this meeting with the Winklevoss dipshits was before Larry's afternoon nap. Had Summers invested just $1 million from the Harvard endowment in Zuckerberg's idea for a college-only social network, he would have made at least $1 billion (first investors in Facebook earned more than 1,000 times their investment with the IPO, and Harvard could have been the very first).
How Larry Wrecked Harvard's Endowment:
- Harvard Swaps Are So Toxic Even Summers Won’t Explain - Bloomberg
- Larry Summers loses 1/3 of Harvard's endowment ($1.8 Billion) on derivatives, gets promoted to White House
Reader Comments (8)
I know Santa Claus and you are not on his list for that snowmobile.
john
How Larry Summers lost Harvard $1.8 billion
http://blogs.reuters.com/felix-salmon/2009/11/29/how-larry-summers-lost-harvard-18-billion/
Why Larry Summers lost the presidency of Harvard
http://mathbabe.org/2012/03/11/why-larry-summers-lost-the-presidency-of-harvard/
WASHINGTON PROPOSES $1 TRILLION BAILOUT FOR DELINQUENT STUDENT LOANS
http://www.breitbart.com/Big-Government/2012/11/29/1-Trillion-Dollar-Bailout-The-Student-Loan-Catch-22
Fiscal Cliff: Why Congress Might Have to Mess with the 401(k)
http://business.time.com/2012/11/28/fiscal-cliff-why-congress-might-have-to-mess-with-the-401k/
Private Savings Accounts May Be "On the Table" in Fiscal Cliff Talks
http://www.nationalseniorscouncil.org/
McConnell 'Burst Into Laughter' as Geithner Outlined Obama's Plan
http://www.weeklystandard.com/blogs/mcconnell-burst-laughter-geithner-outlined-obamas-plan_664210.html
Sen. Sessions (R-AL): Geithner's 'Secret' Offer a 'Fantasy'
http://www.breitbart.com/Big-Government/2012/11/29/Sen-Sessions-Obama-plan-fake
Hurricane Sandy May Cost Taxpayers $80 Billion
http://www.breitbart.com/Big-Government/2012/11/29/Hurricane-Sandy-May-Cost-Taxpayers-At-Least-80-Billion
Obama Recovery: Median Household Wealth Down Dramatically, Top 1% Up 71%
http://www.breitbart.com/Big-Government/2012/11/28/Median-household-wealth-down
Forward! Obama Privatizes Medicare for 3 Million 'Dual-Eligible' Low-Income Seniors
http://www.forbes.com/sites/aroy/2012/11/30/forward-obama-privatizes-medicare-for-3-million-dual-eligible-low-income-seniors/
Morgan Stanley CEO Pushes 'Fiscal Cliff' Bipartisanship As Bank Lobbies For Tax Breaks
http://www.huffingtonpost.com/2012/11/28/morgan-stanley-ceo-fiscal-cliff_n_2205756.html?utm_hp_ref=business
The Great American Retirement Scam: Why The Wealthiest CEO's In America Want To Take Away Your Social Security
http://www.forbes.com/sites/rickungar/2012/11/28/the-great-american-retirement-scam-why-the-wealthiest-ceos-in-america-want-to-take-away-your-social-security/
Also
Medical Tyranny is Here, and we can’t say we weren’t warned
http://www.oldthinkernews.com/2012/11/benjamin-rush-medical-freedom/#comment-98422
Flu Fascism: 150 Healthcare Workers Fired for Refusing Flu Shot
http://www.thehealthyhomeeconomist.com/flu-fascism-150-healthcare-workers-fired-for-refusing-flu-shot/
Maybe charge and prosecute the thieving parasite multinational corporations and Wall Street Banks and claw back a few of the trillions they've stolen, might be a good way to start.
http://www.democracynow.org/2005/1/25/women_and_science_a_look_at
[snip]
Harvard University president Lawrence Summers created a firestorm earlier this month for claiming that women have less innate scientific ability than men. We speak with the Nancy Hopkins, the MIT professor who walked out of Summers’ speech as well as Dave Targan, the Dean of Science Programs at Brown University.
A who's who list of Barack Obama contributors and recipients of his $787 billion stimulus program.
http://www.whiteoutpress.com/articles/q12012/obama-contributors-and-the-stimulus-scandal-page-244/
[snip]
First Wind – Received $232 million in stimulus funds. An audit revealed the money only created 125 jobs.
David Shaw: Founder of DE Shaw. Obama bundler and one of the top 3 donors to the Democratic Party. Largest shareholder of First Wind.
Larry Summers: Part owner of First Wind. Obama’s Chief Economic Advisor.
Financial Fraud Conviction Scorecard:
Bush: 1300+, Clinton: 1000+, Obama: 0.0 (+/-)
http://dailybail.com/home/convicted-bush-1300-clinton-1000-obama-00.html