Who Is Larry Summers?

This is about Larry Summers - who he was, and who he is.

He was the Dean of Harvard University. He decided to invest the university's endowment fund into high-risk investments. His advisors warned him against doing that, but he fancied himself a financial whiz, so much smarter than they. He lost $1.8 BILLION of the university's funds. In other words, what he knows about money, finance and investing can fit into a thimble.

Now for who Larry Summers is today.

He is President Obama's Chief Financial Advisor. I guess the president was impressed with Mr. Summers' financial acumen. No one else is.

Oh, and a couple years ago he got into hot water when, in a public speech, he stated that women were not as capable as men in the subjects of science and math. So apparently he knows as much about women as he does about finance.

'Nuff said.