Yves Smith doesn't think much of Larry Summers
Her primary concern is Summers' presidency of Harvard:
So Summers couldn’t keep his ego out of the way, bullied the people
around him, ignored the advice of not one but two presidents of Harvard
Management, and left a smoldering pile of losses in his wake. And
serious adults are prepared to allow someone with so little maturity and
such misplaced self confidence to have major sway over much bigger
economic decisions?
But she does mention a few other misdeeds:
And that’s before we get to Summers’ role in the ouster of Brooksley
Born over credit default swaps, and his role as Treasury secretary in
supporting the passage of Gramm–Leach–Bliley and the repeal of Glass
Steagall (admittedly so shot full of holes at that point as to be close
to a dead letter, but still necessary to allow Traveler and Citigroup to
merge). Yet Summers has refused to recant any of these actions.
She thinks those touting him really are trying to get Tim Geithner nominated.
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