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Summers and Roubini Tie-In Confirmed
Thanks to Robert Wenzel for pointing me to this confirmation of my own previously expressed feeling that Nouriel Roubini was one of the “designated” doom-and-gloomers (not that I think he’s wrong necessarily, but how come everyone of them comes out of the Stern School of Business in New York, or has World Bank or IMF backgrounds, or worked for Goldman Sachs, or studied with Larry Summers….
You don’t suppose that’s all accidental, do you?
Summers Was Paid $5.2 Million in Past Year by Hedge Fund; Owned “Asset” in Nouriel Roubini Firm
Top White House economic adviser Lawrence Summers received about $5.2 million over the past year in compensation from hedge fund D.E. Shaw, and also received hundreds of thousands of dollars in speaking fees from major financial institutions and other organzations.
A financial disclosure form released by the White House Friday afternoon (Friday afternoon. Got that?) and first reported on by WSJ shows that Summers made frequent appearances before Wall Street firms including J.P. Morgan, Citigroup, Goldman Sachs and Lehman Brothers.
In total, Summers made a total of about 40 speaking appearances to financial sector firms and other places, with fees totaling about $2.77 million. Fees ranged from $10,000 for a Yale University speech to $135,000 for an appearance paid for by Goldman Sachs & Co.
Probably the most curious item on the disclosure form is that Summers appears to have owned stock in Nouriel Roubini’s firm Roubini Global Economics. Summers shows that before he joined the White House he sold an asset in Roubini Global Economics for a capital gain of between $15,000 and $50,000. Strongly suggesting that Summers had an equity position in the firm. The form also shows that he was an advisor to the board of Nouriel’s RGE Monitor and that he recieved advisory board compensation of $147,500 from Roubini Global Economics.
http://mindbodypolitic.com/2009/04/0...-in-confirmed/
Thanks to Robert Wenzel for pointing me to this confirmation of my own previously expressed feeling that Nouriel Roubini was one of the “designated” doom-and-gloomers (not that I think he’s wrong necessarily, but how come everyone of them comes out of the Stern School of Business in New York, or has World Bank or IMF backgrounds, or worked for Goldman Sachs, or studied with Larry Summers….
You don’t suppose that’s all accidental, do you?
Summers Was Paid $5.2 Million in Past Year by Hedge Fund; Owned “Asset” in Nouriel Roubini Firm
Top White House economic adviser Lawrence Summers received about $5.2 million over the past year in compensation from hedge fund D.E. Shaw, and also received hundreds of thousands of dollars in speaking fees from major financial institutions and other organzations.
A financial disclosure form released by the White House Friday afternoon (Friday afternoon. Got that?) and first reported on by WSJ shows that Summers made frequent appearances before Wall Street firms including J.P. Morgan, Citigroup, Goldman Sachs and Lehman Brothers.
In total, Summers made a total of about 40 speaking appearances to financial sector firms and other places, with fees totaling about $2.77 million. Fees ranged from $10,000 for a Yale University speech to $135,000 for an appearance paid for by Goldman Sachs & Co.
Probably the most curious item on the disclosure form is that Summers appears to have owned stock in Nouriel Roubini’s firm Roubini Global Economics. Summers shows that before he joined the White House he sold an asset in Roubini Global Economics for a capital gain of between $15,000 and $50,000. Strongly suggesting that Summers had an equity position in the firm. The form also shows that he was an advisor to the board of Nouriel’s RGE Monitor and that he recieved advisory board compensation of $147,500 from Roubini Global Economics.
http://mindbodypolitic.com/2009/04/0...-in-confirmed/