The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

You Rub My Back, I’ll Rub Yours!

Apr 6, 2009

Lawrence Summers, Obama’s top economic advisor, last year got more than five million dollars from the hedge fund D.E. Shaw, and another 2.7 million dollars from Wall Street companies that received government bailout money.

He was invited to “speak” to Goldman Sachs, who gave him $135,000 for a couple hours; J.P. Morgan and Lehman Brothers, who each gave $67,500 and Citigroup, $45,000

Those are the very same banks that paid their executives huge bonuses – bonuses that Summers and company denounced, while pretending there was nothing they could do.