President Obama's Bailout Director Lawrence Summers failed to disclose his conflicts of interest to the American public. He did not disclose that bailout beneficiaries Goldman Sachs and Morgan Stanley represented his former employees and protégés Sheryl Sandberg (Facebook) and Yuri Milner (DST-Moscow—became Facebook's second largest shareholder after the bailout). In other words, Larry Summers had material undisclosed relationships on both sides of the bailout, thus deceiving the public about his objectivity. For more background information, see "American and Russian Opportunists Undermining U.S. Sovereignty and Corrupting U.S. Financial and Judicial Systems."
No comments:
Post a Comment