D.E. Shaw Hedge Fund Paid Summers $5.2 M - Larry Summers = conflict of interest

Dear President Obama, did you know Larry Summers received $5.2 M from D.E. Shaw Hedge funds last year 2008? How on earth can you approve his seat on YOUR STAFF with a clear conscience? The American Citizen taxpayer is LIVID in disbelief about this man making decisions for our financial future. There are plenty of qualified and brilliant economists available for this post.
FIRE SUMMERS - on conflict of interest, please do not continue to insult our intelligence.

http://online.wsj.com/article/SB123879462053487927.html

http://www.ritholtz.com/blog/2009/04/summers/

"European nations pushed for tougher rules, while the Obama administration preferred a less stringent approach.”

" Let’s review: Summers, along with Robert Rubin, pushed for the repeal of Glass Steagall, and supported the Commodity Futures Modernization Act; If memory serves, he was also around during the LTCM bailout.

If the history books eventually judge the Obama administration a failure, they may have to point to one horrific appointment as the root cause of the misguided policies: The “Smart Guy” who decided to continue the “Dumb Guy’s policies.

And that’s not very smart at all . . . "