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September 15, 2013
Guess Larry Summers won’t be running the Federal Reserve.
Side note: Question for you guys. Do you know who Larry Summers is? Is he just that guy who yelled at the Winklevi in The Social Network? Or do most of you actually know he was once the Treasury Secretary? Just feel like this story is getting covered a lot today considering that this is inside baseball for most people at home.

Guess Larry Summers won’t be running the Federal Reserve.

Side note: Question for you guys. Do you know who Larry Summers is? Is he just that guy who yelled at the Winklevi in The Social Network? Or do most of you actually know he was once the Treasury Secretary? Just feel like this story is getting covered a lot today considering that this is inside baseball for most people at home.

19:50 // 11 months ago
July 20, 2011
One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an asshole. This was the latter case.
Former Treasury Secretary Larry Summers, giving his take on the Winklevoss twins. As dramatized in the film the “Social Network,” the well-heeled, well-connected twins once asked Summers—who was president of Harvard at the time—to intervene in their dispute with Facebook founder Mark Zuckerberg.  (via officialssay)

(via evanfleischer)

15:23 // 3 years ago
April 5, 2011

On the amazingness of “Inside Job”

pantslessprogressive:

CHARLES FERGUSON (Inside Job writer/director) : Are you comfortable with the fact that several of your member companies have engaged in large-scale criminal activity? SCOTT TALBOTT (Chief lobbyist, Financial Services Roundtable): You’ll have to be specific.

Inside Job (2010).

I’ve seen this documentary three or four times now, and every time, this exchange sticks with me for days.

Watched this movie for the first time while hovering over Quebec during the middle of a nine-hour flight. (OK, OK. Maybe it was Newfoundland — wasn’t really keeping track.) It’s sobering. Perhaps the most sobering part is something clear to people who have been watching the current administration but the film painstakingly makes clear — most of Obama’s financial appointees are the same people who the film says caused the current financial crisis. Especially Larry Summers. Which is funny because just before this I watched “The Social Network” and immensely appreciated the scene where Summers put the Winklevi in their place. Was so conflicted at the end of that flight.

10:45 // 3 years ago
December 26, 2010
I think we’ve had a very capable and good cabinet that has helped move the president’s agenda forward.
Obama’s Press Secretary, Robert Gibbs • Emphasizing that there shouldn’t be major changes to the cabinet on the horizon, despite the departure of at least one major figure, top economic adviser Larry Summers (he’s stepping down). However, not all reports agree with that assessment. Among other things Gibbs said on “State of the Union”: Obama is likely to run in 2012, though he hasn’t made it official yet, and he offered hope that the GOP would work more with Democrats in the upcoming session, referring to the “cranky bipartisanship” that the successful lame-duck session wrought. source (viafollow)
12:15 // 3 years ago