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According to The Huffington Post
"Summers, received hundreds of thousands of dollars in speaking fees last year from firms that have direct financial interests before the government or are intimately involved in the White House's bank relief programs.
The White House released late Friday the personal financial disclosure forms of many high-ranking administration officials. The document provided for Summers, who serves as one of the president's closest confidants, underscores just how close some of these officials are to the industry over which they now have oversight.
Among the firms that paid Summers large amounts in speaking fees include J.P. Morgan Chase. That bank offered the former Harvard president and Treasury Secretary $67,500 for a February 1, 2008 engagement. It has received $25 billion in government bailout funds.
Citigroup, which has received $50 billion in taxpayer help, paid Summers $45,00 for a speech in March 2008 and another $54,000 for a speech that May.
Goldman Sachs, which has received $10 million in bailout funds, paid Summers $135,000 for a speech on April 16, 2008 and another $67,500 for a speech on June 18, 2008.
Summers also received about $5.2 million over the past year in salary from the major hedge fund D.E. Shaw."
Mr. Obama owes it to the American people to fire this man. Larry Summers is nothing more than a tool of the system that has caused our problem. Replace him with someone whow will really bring change.
Posted April 4th, 2009 by mattwion
