Summers Shocka

clipped from www.politico.com Larry Summers is being blamed for encouraging Harvard to make a bad bet in the financial markets. Forbes Magazine reports that while Summers was president of the esteemed university he encouraged money managers to lock in interest rates which looked low at the time. In fact, rates went substantially lower so Harvard's gamble chewed up a lot of cash.

And of course, he's one of the one's most powerful new minions. So what could go further wrong?