They say Mohamed El-Erian was “having a heart attack” at the way Larry Summers, then Harvard president was handling the large cash element of the University’s finances. He only lost 1.8B there … and it is less than reassuring that he is now the head of Obama’s Economic team. I got a small kick out of the the Moslem gentleman’s distress over the mad American’s foolhardy fearlessness. The cash part is usually what is not used for gambling, except by opportunistic males on their way to infamy either at home or elsewhere.
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