This piece focuses on Larry Summers, who, along with Robert Rubin and the others, should be doing jail time instead of being "promoted" to cushy jobs in government and at Harvard.
In a bigger sense, the decades-long dance of Rubin and Summers in and out of Washington has become emblematic of a second Gilded Age that wouldn’t even measure well against the first one from a century ago. Much of the public has come to view the Obama Administration as the latest round in a quickening game of musical chairs, played by the same old politicians who owe their fortunes or their careers to the same financial institutions that destroyed the economy, each round further consolidating their unaccountable power, each round bringing fresh disillusionment.
Harvard University is right at the center of all of this mess thanks to these crooks going in and out of government and ruining the country.
Harvard should have the same reputation as the University of Phoenix.
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