NACBA
12-18-2014, 10:12 AM
Senator Elizabeth Warren blocked his nomination and now he's smiling all the way to the bank.
Senator Elizabeth Warren famously declared "there is nobody in this country who got rich on his own.''
That truism presumably includes President Barack Obama's former economic chief Lawrence Summers, a man who just came into millions of dollars in the Lending Club initial public offering. For that good fortune, he can thank his political nemesis, Warren.
The Massachusetts Democrat helped lead a Senate uprising late last year that ended Summers's longtime hope of becoming chairman of the Federal Reserve. Janet Yellen, Warren's favored candidate, got the post.
http://www.bloomberg.com/politics/articles/2014-12-18/lawrence-summers-28-million-payday-courtesy-of-elizabeth-warren?cmpid=yhoo
Senator Elizabeth Warren famously declared "there is nobody in this country who got rich on his own.''
That truism presumably includes President Barack Obama's former economic chief Lawrence Summers, a man who just came into millions of dollars in the Lending Club initial public offering. For that good fortune, he can thank his political nemesis, Warren.
The Massachusetts Democrat helped lead a Senate uprising late last year that ended Summers's longtime hope of becoming chairman of the Federal Reserve. Janet Yellen, Warren's favored candidate, got the post.
http://www.bloomberg.com/politics/articles/2014-12-18/lawrence-summers-28-million-payday-courtesy-of-elizabeth-warren?cmpid=yhoo